Foretellix raises $85M in Series C; Isuzu a new investor
10 December 2023
Israel-based Foretellix, a provider of safety-driven verification and validation (V&V) solutions for Automated Driving Systems and Advanced Driver Assistance Systems (ADAS), closed an $85-million Series C funding round, bringing its total raised capital to $135 million. The funding round was led by 83North. TNew investors Temasek and Isuzu joined Woven Capital—the growth fund of Toyota—NVIDIA, and Artofin, which participated in the first closing earlier this year.
All major existing shareholders participated, including MoreTech, Nationwide, Volvo Group VC, Jump Capital, Next Gear Ventures, and OurCrowd. Foretellix will use the funding to accelerate the development of its expanding product portfolio and address the growing worldwide demand for its solutions.
Foretify, Foretellix’s Safety-Driven V&V Platform, is used by automotive, trucking, and mining customers worldwide to accelerate the development and deployment of their automated driving systems.
The platform provides a unified V&V flow that combines real-world test drives and virtual simulation in one platform. 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.
Foretellix led the ASAM OpenSCENARIO 2.0 (OSC2.0) standard development. ASAM OpenSCENARIO defines a file format for the description of the dynamic content of driving and traffic simulators.
The primary use-case of ASAM OpenSCENARIO is to describe complex, synchronized maneuvers that involve multiple entities such as vehicles, pedestrians and other traffic participants. The description of a maneuver may be based on driver actions (e.g. performing a lane change) or on trajectories (e.g. derived from a recorded driving maneuver). Other content, such as the description of the ego vehicle, driver appearance, pedestrians, traffic and environment conditions, is included in the standard as well.
Foretellix contributed key syntax and concepts to ASAM, and it continues to lead standard enhancements. The Foretify platform is the industry’s first solution offering native OSC2.0 support.
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