Foretellix, a provider of verification and validation (V&V) solutions for automated driving and ADAS, has closed a Series C funding round of $85 million (€78.8 million / £67.5 million) – bringing its total raised capital to $135 million (€125.2 million / £107.2 million).
The funding round was led by 83North, with new investors Temasek and Isuzu joining Woven Capital (the growth fund of Toyota) Nvidia, and Artofin. The provider’s major existing shareholders also participated, including MoreTech, Nationwide, Volvo Group VC, Jump Capital, Next Gear Ventures, and OurCrowd. Foretellix will use the funds to accelerate the development of its expanding product portfolio, and address the growing demand for its solutions.
Foretellix’s safety-driven V&V platform Foretify is used by its automotive customers to accelerate the development and deployment of automated driving systems. It provides a unified V&V flow that combines real-world test drives and virtual simulation in one platform. Foretify likewise helps development, testing, and safety engineers at OEMs, Tier-1 suppliers, and autonomous vehicle providers to enhance collaboration and efficiency across their AV and ADAS projects.
