Foretellix Overview
Fortellix develops and provides simulation-based testing tools for automated driving systems (ADAS) and autonomous vehicles (AV). The company’s platform automates the testing, verification, and validation of ADAS and AV software, helping to ensure the safety and reliability of these systems. Foretify, Foretellix’s safety-driven verification and validation platform, is used by automotive, trucking, and mining customers, including Volvo Group, Torc (a Daimler Truck subsidiary), and many others. Foretellix has established partnerships with major simulation companies such as IPG, Nvidia, dSPACE, VIRES, AI Motive, and Cognata.
Cumulative Funding Raised Over Time ($)
$32.0MAug 2021
$74.0MDec 2023
$90.1MJan 2019
$92.1MMar 2018
$135.1MMay 2023
Latest News
growth-positive
/PRNewswire/ -- Foretellix today announced the integration of its Foretify Physical AI toolchain with the NVIDIA DRIVE AV platform to enable advanced methods...
Foretellix has announced the integration of its Foretify Physical AI toolchain with NVIDIAs DRIVE AV platform. This collaboration aims to enhance the training, testing, validation, and safety evaluation of autonomous driving development. The integration builds on NVIDIAs previous investment in Foretellixs Series C funding and involves the use of NVIDIA technologies like Omniverse and Cosmos. This partnership is expected to advance industry standards for safety and transparency in autonomous vehicles, enabling developers to design and deploy AI-powered vehicles more confidently. Foretellixs toolchain is designed to ensure the safety of AI in real-world deployment by providing comprehensive safety evaluations and scenario-based validations.
PartnersInvestment
growth-positive
/PRNewswire/ -- Foretellix, the leading enabler of safe autonomous vehicles, won the "Autonomous Vehicle Innovation of the Year Award" for its Foretify...
Foretellix, a leader in enabling safe autonomous vehicles, has been recognized with the Autonomous Vehicle Innovation of the Year Award at the sixth annual AutoTech Breakthrough Awards. The award highlights Foretellixs Foretify Physical AI toolchain, which accelerates the training, validation, and safety evaluation of autonomous vehicles. Foretify bridges real-world driving data with intelligent simulation, transforming unstructured data into actionable insights for safer autonomous vehicle development. This recognition underscores Foretellixs commitment to advancing AI-powered autonomy and improving safety outcomes in the automotive industry.
growth-positive
/PRNewswire/ -- Foretellix, the leading provider of data-automation for AI-powered autonomy, today announces a significant expansion of its Foretify platform,...
Foretellix, a leader in data automation for AI-powered autonomy, has expanded its Foretify platform to enhance the development and validation of autonomous vehicles (AVs). The platform leverages NVIDIA Omniverse and Cosmos to generate high-fidelity sensor data, significantly reducing development time and costs for AV developers. Foretellixs toolchain integrates real-world and synthetic data to train and validate AI-powered AV stacks, ensuring safety and efficiency. The company is backed by major investors like Toyotas Woven Capital, Temasek, Volvo, and NVIDIA, and counts Daimler Truck subsidiary Torc, Volvo, Mazda, Woven by Toyota, and Nuro among its customers. The expansion of Foretifys capabilities marks a significant step forward in the commercialization of autonomous vehicles.
growth-positive
/PRNewswire/ -- Strategic technological integration between Foretellix, the leading provider of data-driven autonomy development toolchains, and MathWorks, the...
Foretellix has partnered with MathWorks to integrate their technologies, enhancing Mazdas development of next-generation AD/ADAS systems. This collaboration allows Mazda to use Foretellixs Foretify platform with MathWorks Simulink and Automated Driving Toolbox to simulate and validate autonomous driving scenarios in a virtual environment. The integration aims to improve system quality and safety, reduce development time, and contribute to Mazdas sustainability goals. The partnership is expected to accelerate the development of safe autonomous vehicles and reduce costs, marking a significant step towards safer autonomous driving systems.
Partners
growth-positive
שיתוף פעולה בין פורטליקס לאנבידיה יאפשר סימולציות ברמת החיישן - Techtime - חדשות אלקטרוניקה והייטק
Fortellix and Nvidia have partnered to enable car manufacturers and Tier-1 suppliers to create realistic simulations that accurately mimic the perception of each vehicle sensor. This is part of the verification, testing, and training processes of autonomous driving systems. Nvidia participated in Fortellixs fundraising round in December, which raised a total of $85 million. The capabilities demonstrated at the recent GTC conference are made possible by the interface connecting Fortellixs Foretify platform, which generates virtual driving scenarios for verifying driving systems, with Nvidias Omniverse Cloud services.
Partners
| Sector | Automotive & Mobility Technologies |
Funding
| Total funding | $135.14M |
| Last funding | $42M |
| Stage | C |
| Rounds | 5 |
| Investors | 16 |
Team Members
8
Employees: 51-200
Web & Social Links
| Website | www.foretellix.com/ |
Locations
Derech Menachem Begin 11, Ramat Gan, Israel
Tokyo, Japan
San Francisco, CA, USA
Shanghai, China
Gothenburg, Sweden
Stuttgart, Germany
Photos & Videos
1 item(s)
Foretellix Business
Business models
B2B
Product stage
Released
Employees
51-200
Sector
Automotive & Mobility TechnologiesAutonomous & ConnectedIndustrial TechnologiesMicroelectronics & Photonics SolutionsTarget Customer
Industrial ManufacturingHybrid IndustriesMiningDiscrete IndustriesAutomotiveCore Technology
Artificial IntelligenceSemiconductors & ElectronicsChipsetsTags (7)
driver-safetyautomotivesmart-mobilityadasautonomous-vehiclessimulationminingGeographic Markets
JapanGermanyChinaUnited StatesSwedenForetellix Financials
$135.14M
Total funding
Undisclosed
Capital raised
$42M
Last funding
C
Funding stage
5
Total rounds
16
Investors
Cumulative Funding Raised Over Time ($)
$32.0MAug 2021
$74.0MDec 2023
$90.1MJan 2019
$92.1MMar 2018
$135.1MMay 2023
Private Equity Funding
C Round
Dec 2023
$42M
Temasek Holdings (Lead)
,
Next Gear Ventures, Artofin, Woven Capital, MoreTech Ventures, Nvidia, Isuzu, Volvo Group Venture Capital, OurCrowd, Jump Capital
C Round
May 2023
$43M
83North (Lead)
,
Artofin, Woven Capital, Nvidia, Volvo Group Venture Capital, Jump Capital, MoreTech Ventures
B Round
Aug 2021
$32M
MoreTech Ventures (Lead)
,
Next Gear Ventures, Jump Capital, Nationwide Insurance, Volvo Group Venture Capital, High Tech Ventures, OurCrowd, 83North
A Round
Jan 2019
$16.14M
83North (Lead)
,
Next Gear Ventures, OurCrowd, Jump Capital, TA Ventures, FinTLV Ventures
Seed
Mar 2018
$2M
Undisclosed Investor(s), Next Gear Ventures
Mergers & Acquisitions
MNAEvent
Oct 2020
Undisclosed
Foretellix Lifecycle
Cumulative Funding Raised Over Time
$32.0MAug 2021
$74.0MDec 2023
$90.1MJan 2019
$92.1MMar 2018
$135.1MMay 2023
All Events
C Round
Dec 2023
$42M
Temasek Holdings (Lead)
,
Next Gear Ventures, Artofin, Woven Capital, MoreTech Ventures, Nvidia, Isuzu, Volvo Group Venture Capital, OurCrowd, Jump Capital
C Round
May 2023
$43M
83North (Lead)
,
Artofin, Woven Capital, Nvidia, Volvo Group Venture Capital, Jump Capital, MoreTech Ventures
B Round
Aug 2021
$32M
MoreTech Ventures (Lead)
,
Next Gear Ventures, Jump Capital, Nationwide Insurance, Volvo Group Venture Capital, High Tech Ventures, OurCrowd, 83North
A Round
Jan 2019
$16.14M
83North (Lead)
,
Next Gear Ventures, OurCrowd, Jump Capital, TA Ventures, FinTLV Ventures
Seed
Mar 2018
$2M
Undisclosed Investor(s), Next Gear Ventures
MNAEvent
Oct 2020
Undisclosed
Foretellix News
33 articles
growth-positive
/PRNewswire/ -- Foretellix today announced the integration of its Foretify Physical AI toolchain with the NVIDIA DRIVE AV platform to enable advanced methods...
Foretellix has announced the integration of its Foretify Physical AI toolchain with NVIDIAs DRIVE AV platform. This collaboration aims to enhance the training, testing, validation, and safety evaluation of autonomous driving development. The integration builds on NVIDIAs previous investment in Foretellixs Series C funding and involves the use of NVIDIA technologies like Omniverse and Cosmos. This partnership is expected to advance industry standards for safety and transparency in autonomous vehicles, enabling developers to design and deploy AI-powered vehicles more confidently. Foretellixs toolchain is designed to ensure the safety of AI in real-world deployment by providing comprehensive safety evaluations and scenario-based validations.
PartnersInvestment
growth-positive
/PRNewswire/ -- Foretellix, the leading enabler of safe autonomous vehicles, won the "Autonomous Vehicle Innovation of the Year Award" for its Foretify...
Foretellix, a leader in enabling safe autonomous vehicles, has been recognized with the Autonomous Vehicle Innovation of the Year Award at the sixth annual AutoTech Breakthrough Awards. The award highlights Foretellixs Foretify Physical AI toolchain, which accelerates the training, validation, and safety evaluation of autonomous vehicles. Foretify bridges real-world driving data with intelligent simulation, transforming unstructured data into actionable insights for safer autonomous vehicle development. This recognition underscores Foretellixs commitment to advancing AI-powered autonomy and improving safety outcomes in the automotive industry.
growth-positive
/PRNewswire/ -- Foretellix, the leading provider of data-automation for AI-powered autonomy, today announces a significant expansion of its Foretify platform,...
Foretellix, a leader in data automation for AI-powered autonomy, has expanded its Foretify platform to enhance the development and validation of autonomous vehicles (AVs). The platform leverages NVIDIA Omniverse and Cosmos to generate high-fidelity sensor data, significantly reducing development time and costs for AV developers. Foretellixs toolchain integrates real-world and synthetic data to train and validate AI-powered AV stacks, ensuring safety and efficiency. The company is backed by major investors like Toyotas Woven Capital, Temasek, Volvo, and NVIDIA, and counts Daimler Truck subsidiary Torc, Volvo, Mazda, Woven by Toyota, and Nuro among its customers. The expansion of Foretifys capabilities marks a significant step forward in the commercialization of autonomous vehicles.
growth-positive
/PRNewswire/ -- Strategic technological integration between Foretellix, the leading provider of data-driven autonomy development toolchains, and MathWorks, the...
Foretellix has partnered with MathWorks to integrate their technologies, enhancing Mazdas development of next-generation AD/ADAS systems. This collaboration allows Mazda to use Foretellixs Foretify platform with MathWorks Simulink and Automated Driving Toolbox to simulate and validate autonomous driving scenarios in a virtual environment. The integration aims to improve system quality and safety, reduce development time, and contribute to Mazdas sustainability goals. The partnership is expected to accelerate the development of safe autonomous vehicles and reduce costs, marking a significant step towards safer autonomous driving systems.
Partners
growth-positive
שיתוף פעולה בין פורטליקס לאנבידיה יאפשר סימולציות ברמת החיישן - Techtime - חדשות אלקטרוניקה והייטק
Fortellix and Nvidia have partnered to enable car manufacturers and Tier-1 suppliers to create realistic simulations that accurately mimic the perception of each vehicle sensor. This is part of the verification, testing, and training processes of autonomous driving systems. Nvidia participated in Fortellixs fundraising round in December, which raised a total of $85 million. The capabilities demonstrated at the recent GTC conference are made possible by the interface connecting Fortellixs Foretify platform, which generates virtual driving scenarios for verifying driving systems, with Nvidias Omniverse Cloud services.
Partners
Growth-Positive
Foretellix and Nuro announce partnership to accelerate safe deployment of autonomous vehicles
Autonomous vehicle company Nuro and Foretellix, a provider of safety-driven verification and validation solutions, have announced a strategic partnership. The collaboration aims to accelerate the safe and large-scale deployment of autonomous vehicles for last-mile delivery. Foretellixs verification and validation solution will be used to ensure the safety of the Nuro Driver through large-scale automated testing. The partnership will also see the development of an extended library of scenarios for urban environments, enabling automated virtual testing of the Nuro Driver using Foretellixs Foretify platform and Nuros advanced simulator.
Partners
Growth-Positive
Foretellix adds $42 million to Series C with new investors Temasek and Isuzu | CTech
Foretellix, an Israeli company providing safety-driven verification and validation solutions for Automated Driving Systems and Advanced Driver Assistance Systems, has raised an additional $42 million in its Series C funding round, bringing the total to $85 million. The company has raised $135 million to date. The new investors include Temasek and Isuzu, joining existing investors such as Woven Capital, Nvidia, and Artofin. The company is collaborating with Daimler, Volvo, and others in the autonomous vehicle market. Foretellix employs 180 people across Israel, the U.S., Germany, Japan, China, and India.
InvestmentCustomersPartners
growth-positive
Foretellix raises $43 million in Series C, adds Toyota and Nvidia as investors | CTech
Foretellix, an Israeli startup that provides safety verification and validation solutions for Automated Driving Systems and Advanced Driver Assistance Systems, has raised $43 million in the first closing of its Series C funding round. The round was led by 83North and saw participation from Woven Capital, Nvidia, Artofin VC, and existing shareholders. The company plans to extend the Series C in the coming months. The funds will be used to meet the growing demand for their solutions, expand global deployment, and accelerate their vision of safe autonomous systems.
InvestmentPartnersCustomers
growth-positive
Daimler's Torc Robotics partnering with Israel's Foretellix | CTech
Torc Robotics, a subsidiary of Daimler Truck AG, has announced a strategic partnership with Foretellix, an Israeli company that provides safety verification and validation solutions for automated driving systems. The collaboration aims to ensure the safe deployment of Level-4 autonomous trucks. Foretellix’s platform will be used to test millions of driving scenarios, aiding Torc Robotics in its mission to develop and commercialize Level-4 autonomous trucking solutions. The two companies have been working together for the past two years.
Partners
growth-positive
Cognata and Foretellix Join Forces to Deliver End-to-End Solution for AV and ADAS Development, Verification, and Validation
Cognata and Foretellix have announced a joint solution that combines Cognatas simulation engine, Enterprise, with Foretellixs Foretify verification and validation platform. The solution aims to ensure the safety of Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV), reduce development costs, and improve time to market. The solution will enable safe commercial deployment of autonomous solutions in multiple applications including advanced ADAS, L3 highway pilot, L4 hub-to-hub trucking, L4 mining, and more.
Partners
growth-positive
תקן בינלאומי לבטיחות ברכבים אוטונומיים יתבסס על פיתוח כחול לבן -
The Israeli startup Foretellixs development language, M-SDL, has been approved by the global association for the standardization of automation and measurement systems (ASAM) to form the basis of an international standard for autonomous vehicle safety testing. The new standard aims to improve the safety measurement of autonomous vehicles and driver assistance systems by focusing on the ability to handle millions of scenarios, rather than the distance the vehicle travels. Foretellix was involved in the drafting of the standard.
Partners
growth-positive
Fortellix and IPG Automotive join forces on ADAS/AV simulation and validation toolchain Automotive Testing Technology International
Foretellix, a provider of ADAS and AV verification and validation platforms, and IPG Automotive, a virtual vehicle simulation provider, are partnering to develop a simulation solution aimed at reducing development costs and time-to-market and increasing the safety of automated driving systems. The solution combines Foretellix’s Foretify verification and validation platform with IPG Automotive’s CarMaker virtual vehicle simulation environment. The combined toolchain enables large-scale virtual testing to accelerate the development and deployment of ADAS/AD systems.
Partners
Growth-Positive
Foretellix and NVIDIA Deliver End-to-End Solution for ADAS/AV Development, Verification, and Validation
Foretellix and NVIDIA have partnered to combine NVIDIAs simulation tools with Foretellixs validation platform to create a solution that reduces development costs and accelerates the market entry of autonomous vehicle (AV) makers. The traditional approach to automotive testing is time-consuming and does not scale with the increasing complexity of ADAS and AV systems. The combined solution of NVIDIAs DRIVE Sim and Foretellixs Foretify can deliver a scalable and effective solution that can expose bugs, edge cases, and unknowns more efficiently and faster.
Partners
growth-positive
dSpace and Foretellix collaborate on ADAS and AV testing systems Automotive Testing Technology International
Simulation and validation solutions provider dSpace and platform provider for product development Foretellix are deepening their cooperation on safety testing of automated driving systems (ADS). The joint solution they are developing integrates Foretellix’s Foretify platform for product development, verification and validation with the dSpace Automotive Simulation Models (ASM) for HIL and SIL applications. This will allow OEMs and Tier 1s to ensure safety and reduce development costs and time to market of new ADS.
Partners
NI Announces Strategic Alliance With Foretellix to Accelerate Test for ADAS and Autonomous Vehicles
growth-positive
Foretellix Closes $32M Series B Funding Round For Ensuring The Safe And Efficient Deployment Of Automated Driving Systems
Foretellix, a platform provider for the testing, verification, and validation of automated driving systems, has raised $32 million in a series B funding round led by MoreTech Ventures. The round also saw participation from strategic investors including Volvo Group Venture Capital, Nationwide, NI, and Japan-Israel High Tech Ventures. The latest funding brings the total capital raised by Foretellix to over $50 million. The company, founded in 2018, uses a quantifiable approach to safety and hyper-automation to create and test all possible scenarios that automated driving systems may encounter. Foretellix is currently engaged with several large names in the automotive industry, including Volvo Group and DENSO Corporation.
InvestmentCustomersPartners
Humanetics and Foretellix Bridge the Gap Between Virtual and Physical Test Flows for ADAS and ADS
Israel's Foretellix partners with Volvo to develop autonomous solutions
growth-positive
Israel's Foretellix teams up with Japanese automotive conglomerate Denso
DENSO Corporation, the worlds second-largest mobility supplier, has partnered with Israeli startup Foretellix to use its technology for DENSOs next-generation automated driving and ADAS (advanced driver-assistance systems) solutions. The collaboration followed a successful proof-of-concept, and DENSO will use Foretellix’s Foretify platform and the newly announced ADAS & Highway solution to advance safety in its new products. The Foretellix platform is also set to reduce both development costs and time-to-market for DENSO’s new ADAS and automated driving solutions.
Partners
growth-positive
Foretellix and Mobileye team up to demonstrate autonomous driving safety solution
Israeli autonomous vehicle safety startup Foretellix has partnered with Mobileye to demonstrate a solution that enables car manufacturers to comply with the worlds first Level-3 regulation for autonomous driving. The UN regulation on Automatic Lane-Keeping System (ALKS) will come into effect in January 2021, impacting car makers in over 60 countries. Foretellixs solution supports Mobileyes Responsibility-Sensitive Safety (RSS) and has been demonstrated successfully. Foretellix has also released a new ADAS & Highway solution that provides a comprehensive verification package from Level 2 driver-assist technologies to Level 4 fully autonomous solutions.
PartnersExpand
growth-positive
Foretellix Acquires Metamoto to Accelerate Development of its Simulator-Agnostic Scalable Verification & Validation Solution
Foretellix, a company focused on enabling measurable safety for advanced automatic driving systems, has announced its acquisition of Metamoto, a developer of a cloud-based solution for testing and validation of automotive software. The acquisition will help Foretellix accelerate its roadmap, providing OEMs and Tier 1s with a best-in-class, simulator agnostic verification & Validation solution. Following the acquisition, Foretellix plans to open a US R&D center to expand its US operation. The combined team will comprise approximately 60 employees in the US, Europe, and Israel.
AcquisitionExpand
growth-positive
Autonomous vehicle vision edging closer to reality with verification by Israel's Foretellix
Foretellix Ltd., an Israeli company that develops intelligent automation and analytic tools for autonomous vehicle safety testing, has seen a surge in customer interest despite the Covid-19 pandemic. The company, founded in 2018 by former Verisity Ltd. colleagues Yoav Hollander and Ziv Binyamini, along with former Intel VP Gil Amid, has raised over $17 million to date. Foretellixs tools generate and monitor hundreds of millions of driving scenarios to ensure the safety of advanced driver-assistance systems (ADAS) and autonomous vehicles. The companys CEO, Binyamini, noted that the pandemic has actually increased demand for their services, as physical testing has become more challenging.
CustomersInvestment
growth-positive
Foretellix and VIRES Collaborate to Improve the Effectiveness of Autonomous Vehicle Safety Testing
Foretellix, an Israel-based start-up, has announced a new technology solution in partnership with VIRES, part of Hexagon. The solution aims to improve the quality of advanced driver assistance systems (ADAS) and autonomous vehicle testing through intelligent data-driven automation. The new integrated workflow connects Foretellixs Foretify platform with the VIRES Virtual Test Drive (VTD) simulation software to provide coverage-driven verification. Both companies actively support an open ADAS and AV ecosystem and contribute to open standardization efforts.
Partners
growth-positive
ASAM's OpenSCENARIO 2.0 Concepts Demonstrated Using Foretellix M-SDL
Foretellix, an Israeli start-up focused on ensuring the safety of autonomous vehicles (AVs) and advanced driver assistance systems (ADAS), has announced that its Open M-SDL language concepts have been included in the ASAM OpenSCENARIO 2.0 Concept Document. The document, published by the Association for Standardization of Automation and Measuring Systems (ASAM), is designed to support the definition of tests and scenarios for the development process of AVs. Foretellix had previously contributed its M-SDL (Measurable Scenario Description Language) concepts to the ASAM OpenSCENARIO concept working group.
Partners
Growth-Positive
Foretellix Announces 200th Download of Its Open Measurable Scenario Description Language (M-SDL) Specification for Autonomous Vehicle Safety
Foretellix, an Israeli start-up focused on enabling measurable safety of autonomous vehicles, announced that its Measurable Scenario Description Language (M-SDL) has been downloaded by 200 engineers from 130 companies and universities. M-SDL is an open language that aims to address the shortcomings of current formats, languages, methods, and metrics used to verify and validate autonomous vehicles. The company plans to continue improving M-SDL by working closely with customers, standards bodies, and regulatory agencies.
Customers
growth-positive
Foretellix Targets Increasingly Visible Gaps in ADAS and Autonomous Vehicle Safety by Opening and Contributing its Measurable Scenario Description Language (M-SDL)
Foretellix, an Israeli start-up focused on the safety of autonomous vehicles, has announced the opening of its Measurable Scenario Description Language (M-SDL) to the ADAS and AV ecosystem. The company has also contributed the language concepts to the Association for Standardization of Automation and Measuring Systems (ASAM) standards committee. M-SDL is the first open language that addresses multiple shortcomings of todays formats, languages, methods and metrics used to verify and validate vehicle safety. Foretellix also announced its M-SDL Partners Program, which includes companies like Volvo Group, Unity Technologies, and Advanced Mobility Institute of Florida Polytechnic University.
PartnersExpand
growth-positive
Autonomous Vehicle Startup Foretellix Partners With Software Company Metamoto
Tel Aviv-based autonomous vehicle safety startup Foretellix Ltd. has partnered with California-based Metamoto Inc., which develops simulation software for autonomous systems. As part of the agreement, Foretellixs verification process will be integrated with Metamotos simulation platform. Foretellix develops a standard verification process for autonomous driving technology, designed to automate safety testing in self-driving vehicles. The company has raised nearly $17 million to date.
PartnersInvestment
growth-positive
Foretellix and Metamoto Partner to Deliver Measurable Safety of Autonomous Vehicles Using Coverage Driven, Massively Scalable Solution for Testing and Validation
Foretellix, an Israel-based start-up focused on enabling measurable safety of autonomous vehicles (AVs), and Metamoto, a provider of enterprise AV simulation solutions, have announced a partnership to deliver measurable safety of AVs. The partnership combines Foretellixs Coverage Driven Methodology for comprehensive scenario variance generation and aggregation of coverage across tests and platforms with Metamotos scalable simulation platform to bring analytics, metrics and confidence to AV testing. The complete design flow will be demonstrated at the Autonomous Vehicle Test & Development Symposium in Stuttgart.
Partners
Startup suggests verifying self-driving cars like computer chips
Growth-Positive
Confidence That Your Self-Driving Car Won't Drive Off A Cliff While You're Sleeping
Foretellix, a start-up based in Silicon Valley and Israel, is developing software to verify driverless systems and grade their performance in hundreds of millions of theoretical scenarios. The companys CEO, Ziv Binyamini, believes that the measure of a systems safety is not the physical miles traveled in real time or in simulation, but whether all relevant scenarios have been sufficiently documented and whether there is a metric proving that the system works as it should. Foretellix, which has received $17 million in invested capital, is in talks with makers of driverless systems.
Investment
growth-positive
Autonomous car safety verification co Foretellix raises $14m
Foretellix, an Israeli company that provides safety verification for autonomous vehicles, has raised $14 million in a Series A funding round. The round was led by 83North, Jump Capital, and Nextgear Ventures. The investment will be used to accelerate the development and deployment of Foretellixs coverage driven verification solution. The company has raised over $16 million since it was founded. Foretellixs technology ensures that autonomous vehicles behave properly in a wide range of driving scenarios.
Investment
growth-positive
Foretellix, which Wants to Fix Software Bugs in Autonomous Cars, Raises $1.5 Million
Foretellix Ltd., an Israel-based startup that aims to develop a standard verification process for autonomous driving technology, has raised $1.5 million from private investors. The company was founded by Yoav Hollander, who previously sold a startup for $315 million. Foretellix is now recruiting workers. Hollander aims to create a common verification language for the testing of various scenarios in autonomous car development. He warned that even after autonomous cars advance enough to become available on the market, there will still be deadly accidents, though far less than with human drivers.
InvestmentExpand
growth-positive
Autonomous vehicle verification co Foretellix raises $1.5m
Israeli startup Fortellix, which is developing standards for testing the roadworthiness of autonomous vehicles, has raised $1.5 million in a first funding round. The company is also hiring 15 new employees for its Tel Aviv office. The funding round included investments from RAD Group founder Zohar Zisapel, Delek Automotive Systems CEO Gil Agmon, and NextGear Ventures, among others. Fortellix is working on a language that can serve as a standard for describing autonomous vehicle scenarios, which can be used across all existing inspection platforms.
InvestmentExpand
Foretellix Team
George Giles
Director of Marketing
Employee Info
| Employees (range) | 51-200 |
| Exact count | 153 |
| Team members | 9 |
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Maor Perlov |
| Registrar ID | 514453794 |
| Crunchbase | foretellix |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-05-01T00:00:00.000Z |
| Created | 2018-03-29T00:00:00.000Z |
| Claimed | Yes |