Participated · Series A · Dec 2023

CorrActions has developed AI software that detects abnormalities in the cognitive state of drivers and passengers by analyzing micro muscle movements that reflect brain activity. The software uses existing human-motion sensors in vehicles, including steering wheels, in-cabin radars, seats and other devices. It can identify cognitive states such as intoxication, fatigue and distraction. The company says its solution is already being adopted in production vehicles by multiple automakers. CorrActions plans to use the new funding to accelerate that adoption. The company is led by CEO Ilan Reingold and was founded in 2019 by Dr. Eldad Hochman and Zvi Ginosar. CorrActions develops a platform that uses touch and motion sensors to noninvasively read users' cognitive states by decoding unconscious brain signals through body motion monitoring. Its proprietary algorithms analyze micro changes in muscular activity using sensors already embedded in devices such as smartwatches, smartphones, steering wheels and joysticks. The company says it can identify drowsiness, intoxication, fatigue and lapses in concentration and detect errors up to 150 milliseconds before they occur. CorrActions positions the system as use-case agnostic and is working on proofs of concept with automotive partners and on projects with the defense industry to assess pilot performance. The startup also sees potential applications for alerting athletes and the elderly to injury or fall risk. It will use the new funding to further develop its algorithms and support current deployment partners, especially in the automotive industry. The company is based out of OurCrowd’s Labs/02 incubator.

Participated · Equity · Feb 2023

Electra Vehicles is a B2B AI software company based in Boston, MA and Milan, Italy that produces cloud and onboard software to optimize the performance of any battery system on any vehicle. The company has an initial focus on the eMobility market while stating its technology also delivers range, lifetime, charging, and safety benefits to eVTOLs, Aerospace, Robotics, and Grid applications. Its cloud-based EVE-Ai Fleet Analytics and onboard EVE-Ai 360 Adaptive Controls provide battery system performance insights, battery-conscious driver recommendations, and intelligent charging control strategies. Those capabilities are driven by a continuously updating Adaptive Battery Digital Twin. Electra intends to use the $21M financing to accelerate its go-to-market strategy, scale operations, expand technology and sales teams, and enter the Italian and broader European markets. The company is led by founder and CEO Fabrizio Martini. Electra Vehicles is a Boston-based B2B AI software company that produces cloud and onboard software to optimize the performance of battery systems on any vehicle. Its products include Cloud-based EVE-Ai Fleet Analytics and onboard EVE-Ai 360° Adaptive Controls, which provide battery system performance insights, battery-conscious driver recommendations, and intelligent charging control strategies based on a continuously updating Adaptive Cell Model. The company’s initial focus is the eMobility sector, while the technology can also apply to eVTOLs, aerospace, robotics, grid, and other electric sectors. Electra intends to use the $3.6M seed funds to expand operations and development efforts. It will open a strategic branch in Italy’s Piedmont Region with on-the-ground assistance from LIFTT, Club degli Investitori, and the Foreign Center of Internationalization to broaden customer traction near OEM hubs. The company is led by CEO Fabrizio Martini.

Led · Series A · Jun 2022

Compredict develops AI-powered virtual sensors that turn existing vehicle data into insights for a wide range of automotive applications. Led by Dr. Stéphane Foulard and Rafael Fietzek, the company supplies automakers with tools for predictive maintenance, driver coaching and car health certificates. Its solutions aim to help automakers optimize vehicle design, usage and maintenance while enabling new vehicle-centric apps and digital services. Compredict positions its technology as supporting sustainable mobility by delivering greater value to customers through new features and lower costs. The company plans to use the latest funding to expand its global footprint, diversify product offerings and enhance large-scale deployment capabilities. Financially, Compredict raised $15M in a Series B round led by Woven Capital with participation from existing investor Shift4Good. Compredict offers an AI predictive platform focused on automotive health and vehicle usage monitoring. Led by CEO Stéphane Foulard, the company leverages virtual sensors technology to give fleet operators and vehicle manufacturers insight into how safety-critical components are being used. Its solution can be deployed either embedded in vehicles or as a cloud solution and works regardless of a component's development stage. Compredict's product targets predictive maintenance and vehicle health use cases for automakers and fleet providers. The company raised €5.5M in a Series A round and plans to use the funds to deepen collaborations with automakers and fleet providers and to expand into new markets.

Participated · Series B · Aug 2021

Car IQ is a San Francisco-based vehicle payments company whose flagship product, Car IQ Pay, uses machine identity verification to allow vehicles to connect directly with banks and service providers and make purchases without a physical credit card. Car IQ Pay automates payments for commercial fleets for fuel, tolls, and parking by leveraging vehicle data to help manage spending, generate insights, and reduce fraud. The service is accepted at over 21,500 fuel stations nationwide, including Shell and Sunoco. The company raised an additional $15M in Series B funding, bringing total capital raised to $42M. Car IQ plans to use the funds to accelerate expansion of its payment platform and to add new commerce categories such as electric vehicle charging, repairs, registration, and insurance. The company is led by CEO Sterling Pratz. Car IQ is the first payment solution developed specifically for vehicles and fleets, enabling vehicles to transact directly, securely, and autonomously with merchants. Its contactless payment network allows connected cars and trucks to pay for services including fueling, tolling, parking, and more without adding extra hardware or requiring a human credit card. The company’s patent-pending “Know Your Machine℠” technology uniquely authenticates vehicles and embeds security elements into the payment stream to enable banks and merchants to authorize vehicle-initiated purchases. Car IQ positions its offering as a replacement for incumbent fleet card products, aiming to reduce fraud risk and eliminate tedious back-office reconciliation for fleets and merchants. Leadership describes machine banking as the future and says the technology can expand beyond vehicles to enable IoT devices to pay autonomously. The company recently closed a $15 million Series B to broaden relationships, expand into new markets, and add features to its offering. Car IQ builds a vehicle payment gateway to enable cars to autonomously connect to banking networks and pay for services, removing the need for credit cards in vehicle service and payment workflows. The platform targets automotive OEMs, financial institutions, and third-party service providers, with a focus on fleet managers, car-sharing services, ride-sharing platforms, and commercial fleets. Car IQ’s dynamic identity management leverages vehicle sensor data to create a unique digital vehicle fingerprint, enabling direct connections to payment networks and improving data governance at the vehicle level. This approach aims to reduce fraud risk, add transaction transparency, and streamline operations for fleet managers. The company says it will grow its team, scale operations, and focus on powering full machine commerce as it executes its roadmap. Sterling Pratz, founder and CEO, launched Car IQ after previously founding Autonet Mobile, which was acquired by Lear Corp.

Led · Series B · May 2021

SAM Seamless Network provides software-based network security integrated into gateways to detect and prevent attacks on smart devices using behavioral analysis, machine learning, device fingerprinting, and IoT threat intelligence. The company currently protects roughly 2 million networks and 70 million devices globally and recently launched an API-based intelligence service offering premium device fingerprinting and real-time IoT security. SAM plans to expand its reach to secure 10 million networks and 500 million devices by the end of 2021 and to bring enterprise-grade intelligence to 5G-connected devices. Its technology is designed to leverage Mobile Edge Computing (MEC) in 5G to operate closer to end devices, improving visibility and reducing latency for faster security decisions. SAM was founded by Sivan Rauscher, Eilon Lotem, and Shmuel Chafets; Team8 co-founders serve as advisors, and the company has offices in New York, Berlin, and Tel Aviv. The company is rapidly scaling its global staff to meet expanding customer needs. SAM offers a system administered via a home or small office/home office internet router that monitors connected devices for suspicious links and blocks malicious activity. Its software is agnostic to any home router and it identifies and provides security wrappers for each device on the network. The company says its approach brings enterprise-style security to consumers and telcos, using AI and machine-learning capabilities to detect unusual behavior. SAM is already deployed across some 4 million devices via Israeli carrier Bezeq and plans to have first services go live in Germany, Belgium and the UK soon. Intel is integrating SAM’s technology into its hardware and ADT is evaluating integration, indicating strategic commercial partnerships. Financially, SAM has followed a Feb 2018 emergence from stealth with a prior $4 million raise and has now closed a $12 million Series A. SAM develops a solution for monitoring and identifying risks in connected devices on home networks and enables patches to be deployed more quickly. The product was built in response to the proliferation of IoT and connected devices in the home. SAM provides telecom companies the ability to offer greater security services to their customers, according to CEO Sivan Rauscher. The company has partnered with Israeli telco Bezeq and its solution has been installed on 200,000 routers. SAM is advised by cybersecurity company builder Team8 and several former members of Israel’s 8200 intelligence agency. The company recently raised $3.5 million in a new funding round.