What is Foretellix?
Foretellix operates at the forefront of autonomous vehicle technology, providing a comprehensive platform for product development testing, verification, and validation. Based in Tel Aviv, Israel, the company addresses the complex challenges inherent in bringing self-driving systems to market safely and reliably. By offering robust solutions for the rigorous demands of autonomous driving, Foretellix aims to accelerate the adoption of this transformative technology across the automotive industry.
How much funding has Foretellix raised?
Foretellix has raised a total of $132.5M across 4 funding rounds:
Angel/Seed
$1.5M
Series A
$14M
Series B
$32M
Series C
$85M
Angel/Seed (2018): $1.5M, investors not publicly disclosed
Series A (2019): $14M led by Jump Capital, 83North, and Next Gear Ventures
Series B (2021): $32M supported by MoreTech Ventures, Nationwide, Volvo Group Venture Capital, NI, and Japan-Israel High Tech Ventures
Series C (2023): $85M featuring 83North, Jump Capital, and Woven Capital
Key Investors in Foretellix
83North
83North is a global venture capital firm that invests in exceptional entrepreneurs at all stages, aiming to build category-leading companies. They have a diverse portfolio and a track record of successful exits and unicorns, focusing on supporting innovative startups across various sectors.
Jump Capital
Jump Capital is a venture capital firm specializing in early-stage founders in fintech, application software, and infrastructure software. They provide rigorous financial expertise and operational support to their portfolio companies.
Woven Capital
Woven Capital offers personalized financial planning and wealth management services, focusing on socially responsible investment strategies. They utilize a tech-savvy approach to help clients make informed financial decisions.
What's next for Foretellix?
With its recent major strategic investment and substantial total capital raised, Foretellix is well-positioned for accelerated growth and innovation. The company's focus on enabling the mass deployment of autonomous driving systems suggests a strategic expansion of its platform capabilities and market reach. Future developments are likely to involve enhancing its verification and validation tools to meet evolving industry standards and regulatory requirements, solidifying its position as a key enabler of the autonomous future.
See full Foretellix company page
