Foretellix: Raises $32M in Series B Funding

Foretellix Raises $32M in Series B Funding

• Foretellix, a Tel Aviv, Israel-based provider of a platform automating the testing, verification and validation for automated driving systems, raised $32M in Series B funding
• The round was led by MoreTech Ventures, with participation from Volvo Group Venture Capital, Nationwide, NI and Japan-Israel High Tech Ventures
• In addition, all series A investors, including 83North Ventures, Jump Capital, OurCrowd and NextGear participated
• The company intends to use the funds to expand adoption of its platform and products
• The company provides a platform that automates the testing, verification and validation for automated driving systems (ADAS and AV)
• The company is now commercially engaged with dozens of the largest names in the automotive industry, including Volvo Group and DENSO Corporation