202305 Dec

Foretellix Raises $85M in Series C Closing

Summary

Foretellix, a Tel Aviv, Israel-based provider of safety-driven verification and validation (V&V) solutions for automated driving systems and advanced driver assistance systems (ADAS), raised $85M in Series C funding. The company intends to use the funds to accelerate the development of its expanding product portfolio and address the worldwide demand for its solutions. Led by CEO Ziv Binyamini, Foretellix is a provider of safety-driven verification and validation solutions for Automated Driving Systems and ADAS. Its Foretify™️ platform helps automotive, trucking, and mining customers to ensure safety, reduce development costs, and accelerate time-to-market. It helps development, testing, and safety engineers at OEMs, Tier-1 suppliers, and Autonomous Vehicle providers to better collaborate and boost their efficiency throughout their AV and ADAS projects cycle.

Source: Finsmes

Funding

$85M
Amount
Dec 05 2023
Date
-
Investor
Foretellix
Company

Classifications

Companies