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

  • UK Government announces funding for Smart Mobility Lab in London
    October 23, 2017
    A consortium led by TRL has been awarded £13.4 million ($10.1 million) of the UK government's £51 million ($38 million) Connected and Autonomous Vehicle (CAV) testbed funding to create a Smart Mobility Living Lab (SMLL) in Greenwich and nearby Queen Elizabeth Olympic Park, Stratford, London. The funding is part of the £100 million ($75 million) UK CAV test bed competitive fund and is the first investment by government and industry through Meridian to develop a national CAV testing infrastructure.
    Read More
  • Simulating the effects of optimal mobility
    May 30, 2024
    Simulation-based optimisation is the foundation for real-time predictive analytics when it comes to optimal traffic signal programming, explain Sunny Chakravarty of Econolite and Lorenzo Meschini of PTV Group
    Read More
  • MaaS must be seamless and invisible - or forget it
    June 5, 2018
    MaaS experts from around the world converged on ITS International’s MaaS Market Atlanta conference to talk about how MaaS can be implemented in the US. Andrew Bardin Williams had a front row seat. Transportation experts from around the world gathered in the US earlier this month to discuss the future of Mobility as a Service (MaaS) and how it could be deployed in the US market. While most attendees at ITS International’s MaaS Market Atlanta conference were familiar with the MaaS concept, the US’s highly
    Read More
  • VW and Uber to launch 'thousands' of AVs in US
    April 24, 2025
    Service is expected to begin in Los Angeles next year, companies say
    Read More

Highlighted Content