Autonomous Vehicle Safety Startup Foretellix Raises $14 Million

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.