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        Foretellix, an Israel-based developer of verification and validation platforms for advanced driver assistance systems (ADAS) and autonomous vehicles (AVs), has partnered with Chinese car manufacturer Geely to aim at the large-scale deployment of AVs with increased safety, efficiency, and reduced R&amp;D costs.
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        The companies plan to incorporate Foretellix's &ldquo;Foretify&rdquo; platform into Geely's testing and validation processes, facilitating synthetic data generation, automated testing, and virtual simulation analysis.
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        This collaboration will help Geely identify and address complex AV scenarios faster, improving operational design domain (ODD) coverage and accelerating AV commercialization.
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        <b>Analyst QuickTake:</b>
         Foretellix reportedly serves &ldquo;dozens&rdquo; of large automotive companies, including Volvo Group and DENSO Corporation, and today&rsquo;s collaboration will add Geely to the list.
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    <a href="https://www.prnewswire.com/il/news-releases/foretellix-and-geely-partner-to-accelerate-av-development-302138264.html">
      Press release
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Auto Tech

ANALYST_QUICK_TAKE

PROMINENT_CATEGORY

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 <p>Foretellix, an Israel-based company that develops verification and validation platforms for advanced driver assistance systems (ADAS) and autonomous vehicles (AVs), has announced a partnership with Chinese car manufacturer Geely. Their collaboration is aimed at fostering the large-scale deployment of AVs, focusing on enhancing safety, efficiency, and reducing R&amp;D costs.</p>
 <p>As part of their partnership plans, Geely will incorporate Foretellix's “Foretify” platform into its testing and validation processes. This integration enables synthetic data generation, automated testing, and virtual simulation analysis, aiding the advanced testing process.</p>
 <p>This joint venture is expected to aid Geely in identifying and dealing with intricate AV scenarios more rapidly, thereby enhancing operational design domain (ODD) coverage. As a result, the speed of AV commercialization should increase, getting these advanced vehicles to market faster.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> Foretellix reportedly serves “dozens” of large automotive companies, including Volvo Group and DENSO Corporation, and today’s collaboration will add Geely to the list.</p>

Foretellix and Geely partner for safe and efficient large-scale deployment of autonomous vehicles

INCUMBENTS_PRESENT

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 <p>Foretellix, a company based in Israel that specializes in creating platforms for verifying and validating advanced driver assistance systems (ADAS), has launched a new high-fidelity sensor simulation service on its open platform "Foretify." The platform encourages collaboration among development, safety, and verification and validation teams at Original Equipment Manufacturers (OEMs) and Tier-1 suppliers.</p>
 <p>This new service makes use of NVIDIA Omniverse Cloud APIs to generate comprehensive, physically accurate simulations for autonomous vehicle (AV) systems. These simulations cater to structured AV systems that run on separate perception and planning subsystems, as well as emerging AV stacks that rely on comprehensive AI training. The simulation encompasses a wide range of driving scenarios, locations, and perception conditions, allowing developers to conduct thorough, physically accurate simulations and thus, enhance the performance and safety of autonomous vehicles.&nbsp;</p>
 
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Foretellix integrates NVIDIA Omniverse for high-fidelity sensor simulation

Automation and robotics are finally creating solutions for the complexities of doorstep deliveries.

Last-mile Delivery Automation

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 <p>Nuro, a developer of autonomous delivery vehicles (ADVs), has teamed up with Foretellix, a company specializing in safety testing solutions for autonomous vehicles and advanced driving assistance. Their collaboration will involve virtual testing of Nuro's automated driving systems using Foretellix's software, leveraging data from Nuro's test vehicles.</p>
 <p>Foretellix’s technology is designed to generate a wide array of test scenarios for autonomous software. This eliminates the need for in-house scenario creation, resulting in lower research and development costs.</p>
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Nuro partners with Foretellix for virtual testing of autonomous driving system

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<p>Foretellix, an Israel-based developer of verification and validation platforms for advanced driver assistance systems (ADAS) solutions, has closed its Series C at USD 85 million.</p>
<p>The round was led by 83North, with participation from Temasek, Woven Capital, MoreTech, Nationwide, Volvo Group VC, Jump Capital, Next Gear Ventures, and OurCrowd.</p>
<p>This brings the company's total funds raised to USD 135 million.</p>
<p>The company intends to utilize the funds to further the platform's development, including integrating more GenAI technologies and scaling up the business operations.</p>
<p>The company also plans to expand its workforce from the current 180 employees.</p>
</div> <p><b>Analyst QuickTake:</b> Foretellix raised its Series C funding in two tranches, including today’s close. It first closed the Series C round, raising USD 43 million led by 83North <a href="https://sp-edge.com/updates/18138"> in May 2023 </a> for similar purposes.&nbsp;</p>

All Updates

Foretellix and Geely partner for safe and efficient large-scale deployment of autonomous vehicles

Foretellix integrates NVIDIA Omniverse for high-fidelity sensor simulation

Nuro partners with Foretellix for virtual testing of autonomous driving system

Foretellix raises USD 85 million in Series C funding to further develop tech and expand team

Foretellix raises USD 43 million in Series C funding