Foretellix

Israel-based Foretellix offers a development testing, verification, and validation platform for advanced driver assistance systems (ADAS) and autonomous vehicles. Its primary product “Foretify,” is an open platform that facilitates collaboration between development, safety, and verification and validation (V&V) teams at OEMs and Tier-1 suppliers. It helps customers with defining requirements, early project designs, and over-the-air (OTA) updates. It also offers “V-Suites,” which is a library of V&V test scenarios targeted at ADAS and autonomous vehicle functions.

In October 2020, the company acquired Metamoto, a developer of a cloud-based solution for testing and validation of automotive software, to complement its product development.

Key customers and partnerships

Foretellix’s customers include Volvo Group, DENSO Corporation, Nuro, and Geely.

It also has partnerships with companies such as Jingwei HiRain, a Tier-1 provider and an automotive technology supplier in China, to accelerate the adoption of its Foretify platform in China (March 2021); dSPACE, a provider of simulation and validation solutions, to jointly develop simulation models (December 2021); aiMotive, a Hungary-based developer of modular self-driving technology and ADAS, to jointly develop solutions for ADAS validations and perception and planning for autonomous vehicles (October 2022); and NVIDIA, to introduce a new high-fidelity sensor simulation service (March 2024).

Funding and financials

In December 2023, Foretellix closed a Series C funding round raising USD 85 million led by 83North. The company intended to utilize the funds for further product development (including integrating more GenAI technologies), scale up the business operations, and expand the team.