Volvo Cars announced on the 25th that it will invest in the brain monitoring AI startup ‘Coactions’ through its venture investment organization, Volvo Tech Fund.
The AI-based software developed by Coactions precisely detects the cognitive state of drivers and passengers based on subtle muscle movements that reflect brain activity. By sensing the fine muscle movements through the steering wheel sensor, it captures various abnormal signs such as driver distraction, alcohol consumption, and drowsy driving.
Alexander Petrovsky, CEO of Volvo Cars Tech Fund, said, “This investment in Coactions is a strategic investment aimed at Volvo Cars’ ultimate goal of enhancing the safety of vehicles, occupants, and passengers.” He added, “Through the Tech Fund, Volvo Cars seeks to form strategic partnerships with attractive startups that can help solidify its position as a technology leader in the mobility industry.”
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