PreAct Technologies: Raises $14M in Series B Funding

PreAct Technologies Raises $14M in Series B Funding

• PreAct Technologies, a Portland, OR-based developer of near-field software-definable flash LiDAR technology, raised $14M in Series B funding
• The round was led by I Squared Capital, with participation from State Farm Ventures, Luminate, and Traylor Capital
• The company intends to use the funds to grow across multiple industries including agriculture, healthcare, and robotics
• The company is a provider of near-field software-definable flash LiDAR technology
• Its patent-pending suite of sensor technologies provide high resolution, affordable LiDAR solutions to a wide range of industries
• The company also has offices in Ashburn, Virginia, Rochester, NY and Barcelona Spain