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

  • Road user charging potential solution to transportation problems
    December 14, 2012
    A number of new and highly significant open road tolling schemes have just been launched or are soon to ‘go live’. Systems of road user charging are flexing their muscles as the means to solve politically sensitive transportation problems, reports Jon Masters. Gothenburg, January 2013, will be the time and place for the launch of the next city congestion charging scheme in Europe. In a separate development, Los Angeles County’s tolled Metro ExpressLanes began operating in November 2012 – the latest in a ser
    Read More
  • Seoul sensors aid autonomous mobility
    January 18, 2022
    Seoul Robotics' LV5 CTRL TWR product can automate vehicles from around corners
    Read More
  • ITS need not reinvent machine vision
    October 29, 2014
    Machine vision techniques hold the potential to solve a multitude of challenges facing the transportation sector Optical Character Recognition (OCR), the base technology for number plate recognition, has been in industrial use for more than three decades. It is a prime example of how, instead of having to start from scratch, the transportation sector can leverage and adapt the machine vision expertise already used in industry in order to provide robust solutions with new capabilities. “The real val
    Read More
  • Colorado governor announces Connected and Autonomous vehicles day
    December 11, 2017
    Colorado’s governor Jon Hickenlooper declared 4 December as Connected and Autonomous Vehicle Day following a visit with civic leaders and corporate executives to an autonomous vehicle (AV) technology demonstration at Panasonic’s Denver facility. Through a new partnership it plans to deploy AV technology next to the building, in Spring 2018. The event also featured EasyMile’s autonomous shuttle inaugural journey to Peña Station as well as the opening of its new North American headquarters.
    Read More

Highlighted Content