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Autonomous Vehicle Safety Startup Foretellix Raises $14 Million

Autonomous Vehicle Safety Startup Foretellix Raises $14 Million

Foretellix develops a vehicle verification system for autonomous vehicles by encompassing a wide variety of possible scenarios while enabling automakers to test their systems against a common standard

Adi Pick  :  2019-01-16T15:00:36..
Tel Aviv-based autonomous vehicle safety startup Foretellix Ltd. completed a $14 million series A funding round, the company announced Wednesday. The round was led by Israeli venture capital firms 83North Ltd. and Nextgear Ventures, and Chicago-based Jump Capital LLC.

Foretellix develops a standard verification process for autonomous driving technology designed to automate safety testing in self-driving vehicles. Foretellix’s verification process includes millions of potential safety scenarios, such as what to do if the car encounters a tsunami, according to company statements. Founded in 2017, Fortellix has raised $17 million to date, according to company statements.

Foretellix’s founder Yoav Hollander sold his previous startup, Verisity Ltd., to California-based Cadence Design Systems Inc. in 2005 for $315 million. Verisity developed software for verifying the functionality of chips.

Foretellix Execs. Photo: Photo: Dror Sithako Foretellix Execs. Photo: Photo: Dror Sithako Foretellix Execs. Photo: Photo: Dror Sithako

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