Foretellix Closes $14M Series A Funding

foretellixForetellix, a Tel Aviv, Israel-based startup automating the verification and measurable safety of autonomous vehicles, raised $14M in series A funding.

The round was led by 83North, Jump Capital, and Nextgear Ventures.

The company, which has now raised over $16M to date, intends to use the funds to accelerate development, customer programs and deployment of its coverage driven verification solution.

Led by Ziv Binyamini, CEO, Foretellix is providing developers of autonomous vehicles with coverage driven verification solutions to ensure that the autonomous vehicle behaves properly in the 100’s of millions of critical driving scenarios, and are therefore safe for broad deployment.
The company’s solution also automates the extraction and analytics of the safety related coverage metrics, representing the percentage of scenarios proven to work in a wide range of possible situations and conditions. These metrics are required by developers, consumers, suppliers, insurance companies and regulators.
The system works with all required driving platforms, including simulators, X-in-the-loop configurations, test tracks and test vehicles.



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