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- Foretellix
Foretellix Funding, Investors & Competitors
Foretellix has raised $133M across 4 funding rounds, most recently a $85M Series C in May 2023.
Last Foretellix funding round
$85M
Series C · May 2023
Cumulative funding Foretellix raised
$133M
across 4 funding rounds
Key investors in Foretellix
OurCrowd
83North
Jump Capital
Next Gear Ventures
MoreTech Ventures
Volvo Group Venture Capital
Temasek
NVIDIA
About Foretellix
Foretellix leads in autonomous vehicle safety assurance with its Foretify Physical AI toolchain. Israel-headquartered, the platform accelerates training, validation, and evaluation processes for AI-driven vehicles. It supports OEMs and developers across the US, Europe, and Asia in achieving reliable, scalable autonomy.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Foretellix Funding History
Foretellix has raised a total of $133M across 4 funding rounds.
Foretellix's first fundraising round was a $2M seed round in March 2018. The most recent completed round was a $85M Series C in May 2023.
Foretellix funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2023 | Series C | 83North (lead); Temasek; NVIDIA; MoreTech Ventures; Jump Capital; Nationwide Building; Volvo Group Venture Capital; OurCrowd; Artofin VC; Woven Capital; Isuzu; Next Gear Ventures | $85M | Foretellix is a Tel Aviv-based company providing safety-driven verification and validation (V&V) solutions for Automated Driving Systems (ADS) and Advanced Driver Assistance Systems (ADAS). Its Foretify platform enables automotive, trucking, and mining customers to ensure safety, reduce development costs, and accelerate time-to-market through scenario generation, hyper-automation, and big data analytics for testing edge cases in millions of situations. Customers include Volvo Group, Torc (Daimler Truck), Isuzu, Toyota, and others. Foretellix closed its Series C funding round at $85 million in December 2023, led by 83North, following a first closing of $43 million in May 2023. New investors Temasek and Isuzu joined Woven Capital (Toyota's fund), NVIDIA, and Artofin, with existing backers MoreTech Ventures, Nationwide, Volvo Group Venture Capital, Jump Capital, Next Gear Ventures, and OurCrowd participating. This brought total funding to $135 million. The company did not disclose valuation, though the CEO noted it increased from prior rounds without significant jump. Proceeds will accelerate product development, including AI enhancements like generative AI for real-world and synthetic scenarios, business expansion into new geographies (Europe, Asia), and workforce growth from around 180 employees. The round reflects strategic interest from automotive OEMs and tech giants in V&V for safe autonomy deployment amid rising demand. |
| Sep 2021 | Series B | MoreTech Ventures (lead); Jump Capital; National Instruments; Japan-Israel Hi-Tech Ventures; Nationwide Ventures; Volvo Group Venture Capital; OurCrowd; 83North; Next Gear Ventures | $32M | Foretellix, founded in 2018 and headquartered in Tel Aviv, Israel, provides verification and validation solutions for autonomous vehicle and ADAS development. The company applies semiconductor industry verification techniques to create quantifiable safety approaches and test complex driving scenarios at scale, helping OEMs and Tier-1 suppliers reduce development costs and accelerate time-to-market. In September 2021, Foretellix raised $32 million in Series B funding led by MoreTech Ventures, with participation from strategic investors including Volvo Group Venture Capital, Nationwide, National Instruments (NI), and Japan-Israel High Tech Ventures. The round brought total funding to over $50 million at that time. The platform is used throughout the development cycle from requirements through verification and validation, orchestrating massive-scale testing to ensure safety and completeness. Leading customers included Denso and Volvo, with partnerships subsequently announced with other major OEMs including Geely and Nuro. By December 2023, the company had raised a total of $132.5 million across multiple rounds, including a Series C-II round of $42 million led by ISUZU Motors, Next Gear Ventures, OurCrowd, and Temasek. |
| Jan 2019 | Series A | 83North (lead); Jump Capital (lead); Next Gear Ventures (lead); ComfortDelGro; OurCrowd | $14M | Foretellix, founded in 2018, develops a safety-driven verification and validation platform for Automated Driving Systems (ADS) and Advanced Driver Assistance Systems (ADAS). The platform, Foretify, automates testing, scenario generation, and safety analysis using Measurable Scenario Description Language (M-SDL) to address all possible driving scenarios. In January 2019, Foretellix closed a $14 million Series A funding round led by 83North, with participation from Jump Capital, Next Gear Ventures, OurCrowd, and ComfortDelGro Capital Partners. The funds supported the development of its measurable safety solutions for autonomous vehicles. Foretellix has since raised additional rounds, including a $32 million Series B in September 2021 led by MoreTech Ventures with Volvo Group Venture Capital, Nationwide, and existing Series A investors, bringing total funding to $50 million at that time. In 2023, it closed a Series C with $85 million led by 83North, reaching $135 million total raised, with investors including Temasek, Isuzu, Woven Capital (Toyota), NVIDIA, and others. |
| Mar 2018 | Seed | - | $2M | - |
Who has invested in Foretellix?
16 investors have backed Foretellix across its funding rounds, including OurCrowd, 83North, Jump Capital, Next Gear Ventures, MoreTech Ventures and Volvo Group Venture Capital.
Lead investors include 83North, MoreTech Ventures, Jump Capital and Next Gear Ventures.
Foretellix Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jan 2019 | ||
| 3 | Participant | Jan 2019 | ||
| 3 | Lead | Jan 2019 | ||
| 3 | Lead | Jan 2019 | ||
| 2 | Lead | Sep 2021 | ||
| 2 | Participant | Sep 2021 | ||
| 1 | Participant | May 2023 | ||
| 1 | Participant | May 2023 | ||
| 1 | Participant | Jan 2019 | ||
| 1 | Participant | May 2023 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
This data is available for Pro users. Sign up to see all 16 Foretellix investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Foretellix
Foretellix has acquired 1 company to date.
Last acquisition by Foretellix was on October 7th 2020. Foretellix acquired Metamoto for undisclosed valuation.
Latest Acquisitions by Foretellix
| Description | Metamoto is a simulation technology provider founded in 2016 for autonomous systems software. The company delivers products, services, and practices for training, testing, development, and validation to enterprises in computer vision, machine learning, and regulatory compliance. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 7 Oct 2020 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Foretellix acquisitions and their M&A valuation multiples. Start Free Trial | |
Foretellix Competitors
Foretellix competitors include listed companies like Cidi, Kodiak AI and Tesla, and private ones like Applied Intuition, Didi Woya and Momenta.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $415M | - | $15B | 36.1x | ||
| Private | - | - | $5B | - | ||
| Private | $76M | - | $5B | - | ||
| Publicly listed | $132M | ($155M) | $1.3B | 5.0x | ||
| Publicly listed | $4M | ($577M) | $768M | 98.7x | ||
| Publicly listed | $95B | $10B | $1.4T | 13.8x |
Foretellix Public Comps
Foretellix is still privately-owned, but its public comps include Tesla, Palantir, Snowflake, Stryker, General Motors, Z.ai, Unitree Robotics, SAIC Motor, Zebra and IonQ.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $95B | $10B | 15.0x | 13.8x | 140.8x | 97.4x | |||
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $4.7B | ($1.3B) | 25.6x | 21.0x | (94.1x) | 121.7x | |||
| $25B | $6.3B | 4.7x | 4.5x | 18.8x | 15.6x | |||
| $185B | $15B | 1.0x | 1.0x | 12.1x | 8.5x | |||
| $108M | ($658M) | 422.9x | 65.9x | (69.4x) | (73.0x) | |||
| $253M | $55M | 118.8x | - | 548.5x | - | |||
| $98B | $7.1B | 0.1x | 0.1x | 1.5x | 2.3x | |||
This data is available for Pro users. Sign up to see all Foretellix competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Foretellix
| When was Foretellix founded? | Foretellix was founded in 2017. |
| Where is Foretellix headquartered? | Foretellix is headquartered in Tel Aviv, Israel. |
| Is Foretellix publicly listed? | No, Foretellix is a private, VC-backed company. |
| How much funding has Foretellix raised? | Foretellix has raised $133M across 4 funding rounds. |
| What was Foretellix's last funding round? | Foretellix's last funding round was a $85M Series C in May 2023, led by 83North. |
| Who are Foretellix's investors? | Foretellix's investors include Jump Capital, OurCrowd, 83North, Next Gear Ventures, MoreTech Ventures, Volvo Group Venture Capital, Temasek, NVIDIA, ComfortDelGro, Nationwide Building and 6 others. |
| Which companies are comparable to Foretellix? | Companies comparable to Foretellix include Applied Intuition, Didi Woya, Momenta, Cidi, Kodiak AI and Tesla. |
| How many companies has Foretellix acquired? | Foretellix has acquired 1 company, including Metamoto. |
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