Foretellix, a self-driving car safety startup company based out of Tel Aviv, recently finished a $14 million series A funding round. This round of funding was primarily led by venture capital firms Nextgear Ventures, Jump Capital LLC, and 83North Ltd.
Foretellix develops a standard verification process for autonomous driving technology designed to automate safety testing in self-driving vehicles. Foretellix’s verification process includes millions of potential safety scenarios, such as what to do if the car encounters a tsunami, according to company statements. Founded in 2010, Fortellix raised $16 million to date, according to company statements.
Foretellix’s founder Yoav Hollander sold his previous startup, Verisity Ltd., to California-based Cadence Design Systems Inc. in 2005 for $315 million. Verisity developed software for verifying the functionality of chips.
Read more here
Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.