Foretellix receives $14m to develop solution for AV testing

Israeli start-up Foretellix has received $14 million in funding to further develop a solution which measures the safety of autonomous vehicles (AV) in a range of scenarios. Foretellix says its coverage driven verification solution enables developers to test AVs in hundreds of millions of driving scenarios. Ziv Binyamini, CEO of Foretellix, says: “This funding will help us accelerate the industry transition from ‘quantity of miles’ to ‘quality of coverage’ and broad deployment.” The company then automat
January 23, 2019 Read time: 1 min

Israeli start-up Foretellix has received $14 million in funding to further develop a solution which measures the safety of autonomous vehicles (AV) in a range of scenarios.

Foretellix says its coverage driven verification solution enables developers to test AVs in hundreds of millions of driving scenarios.

Ziv Binyamini, CEO of Foretellix, says: “This funding will help us accelerate the industry transition from ‘quantity of miles’ to ‘quality of coverage’ and broad deployment.”

The company then automates the extraction and analytics of the safety related coverage metrics, which represent the percentage of scenarios proven to work in potential situations and conditions. This solution works with driving platforms such as simulators, test tracks and test vehicles.

The funding round was led by venture capital firms 83North, Jump Capital and Nextgear Ventures.

Related Content

  • NoTraffic AI platform raises $50m funding
    June 27, 2023
    New investment will enable moves beyond US into Japan, Italy, Germany and UK, says firm
    Read More
  • Yeti more AV snow-clearing by Semcon
    April 29, 2019
    There is a lot of debate about the place of autonomous vehicles on our roads – but a Swedish company is already ploughing ahead with driverless snow clearance on airport runways, writes David Arminas Femcon, a Swedish applied automation company, has started an on-site project to clear snow from runway landing lights using autonomous vehicles (AVs). Most often, this time-consuming job has to be done manually because of the intricate manoeuvres needed to avoid damaging the lighting systems. The trial pro
    Read More
  • We don’t understand ITS, say transport companies: new IRU report
    November 6, 2018
    Half of transport companies say that ITS adoption is being held back by a “limited understanding of the range of emerging technologies available”, according to a new global survey. The sobering finding – which indicates that ITS providers and policy makers have more to do to explain some of the benefits – comes from the IRU’s ‘The future of road transport’ report. The other major barrier to adopting technology is cost, say 71% of respondents. The IRU says: “This suggests that pockets of the industry have
    Read More
  • When will Google wake up to MaaS gold mine?
    December 3, 2018
    Mobility services are a potential gold mine for data-hungry tech companies. That being the case, Andrew Bunn asks: what exactly happens when giants such as Google and Amazon decide to get their teeth into MaaS? There are many different perspectives on Mobility as a Service (MaaS), with many different views on what the latest and future applications of technology are going to bring to transportation infrastructure. However, there is one question that does not seem to come up at all. Up to now, MaaS-relate
    Read More

Highlighted Content