According to filings with the U.S. Securities and Exchange Commission, PreAct Technologies is raising $20,000,000.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Paul Drysch played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About PreAct Technologies
PreAct Technologies aims to bridge the gap between collision avoidance systems and active safety technology. Every millisecond matters before a crash, and our patent-pending suite of sensor technologies, computing systems and unique countermeasure algorithms aim to drastically reduce fatalities and injuries in a crash. Our Portland-based firm leverages existing vehicle infrastructure to predict and prepare both a vehicle and its occupants for an imminent collision. This alone can reduce a majority of injuries from the most common types of crashes while saving the industry billions annually. Seasoned automotive experts lead PreAct Technologies with the engineering team comprised of leaders in computer vision, optics, and parallel processing. It arose from more than 15 years of DARPA-funded research in high-speed optics and computing systems and a major investment from Artis Corporation, the leading US provider for military active protection systems.

To learn more about PreAct Technologies, visit http://www.preact-tech.com/

Contact:
Paul Drysch, Chief Executive Officer
703-981-8969
https://www.linkedin.com/in/pauldrysch/

SOURCE: http://www.intelligence360.io
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