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PreAct Technologies Acquires Gestoos AI Platform

Computer Vision and Gesture Recognition Technology to be Integrated into PreAct’s Complete System for Activity Monitoring, Device Control and Spatial Awareness

PreAct Technologies, the market leader in near-field software-definable flash LiDAR technology, announced that it has entered into an agreement to acquire Barcelona-based Gestoos, makers of a unique software platform that enables users with no specialized training to quickly generate AI algorithms that address their use cases. The acquisition reinforces PreAct’s leadership in providing the highest performing sensor solutions for automotive, trucking, robotics and other industrial applications.

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“By marrying a powerful AI algorithm development platform with our best-in-class flash Lidar, we have created a unique environment for our customers to quickly solve difficult use cases. For example, current in-cabin and cargo monitoring solutions were falling well short of delivering the kind of performance OEMs and fleets are looking for.  This is a real problem given the changing regulatory environment requiring accurate and stable cabin monitoring,” said Paul Drysch, CEO of PreAct Technologies. “The Gestoos AI development platform comes pre-integrated with our flash Lidar solution and a development environment making AI training tractable by our customers’ own engineers with minimal hand holding. We are excited to welcome the entire Gestoos team into the PreAct family, and even more excited to provide OEMs with real solutions to their most pressing sensor use case problems.”

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The Gestoos AI development platform is built from the ground up to make AI development approachable. One can think of it as a CAD system for AI developers. The AI platform can be used to train algorithms for any purpose, with an especially large library classifying gestures, human motion, and multiple combinations of humans and objects interacting.¨  When coupled with PreAct’s flash Lidar, algorithm development tasks that once took specialized teams of experts weeks can now be accomplished in a few hours, revolutionizing fields from in-cabin monitoring to automatic door actuation.

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