Foretellix, a Tel Aviv, Israel-based provider of safety-driven verification and validation (V&V) solutions for automated driving systems and advanced driver assistance systems (ADAS), raised $85M in Series C funding.
The round, which brought the total amount to $135M, was led by 83North, with participation from Temasek, Woven Capital, MoreTech, Nationwide, Volvo Group VC, Jump Capital, Next Gear Ventures, and OurCrowd.
The company intends to use the funds to accelerate the development of its expanding product portfolio and address the worldwide demand for its solutions.
Led by CEO Ziv Binyamini, Foretellix is a provider of safety-driven verification and validation solutions for Automated Driving Systems and ADAS. Its Foretify™️ platform helps automotive, trucking, and mining customers to ensure safety, reduce development costs, and accelerate time-to-market.
The platform provides a unified V&V flow that combines real-world test drives and virtual simulation in one platform. It helps development, testing, and safety engineers at OEMs, Tier-1 suppliers, and Autonomous Vehicle providers to better collaborate and boost their efficiency throughout their AV and ADAS projects cycle.
The company is headquartered in Israel, with offices in the US, Europe, and Asia.
FinSMEs
05/12/2023