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

Foretellix Overview

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

IsraelTel Aviv

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

Foretellix funding rounds
DateStageInvestorsRaisedDeal Summary
May 2023Series C83North (lead); Temasek; NVIDIA; MoreTech Ventures; Jump Capital; Nationwide Building; Volvo Group Venture Capital; OurCrowd; Artofin VC; Woven Capital; Isuzu; Next Gear Ventures$85MForetellix 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 2021Series BMoreTech Ventures (lead); Jump Capital; National Instruments; Japan-Israel Hi-Tech Ventures; Nationwide Ventures; Volvo Group Venture Capital; OurCrowd; 83North; Next Gear Ventures$32MForetellix, 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 2019Series A83North (lead); Jump Capital (lead); Next Gear Ventures (lead); ComfortDelGro; OurCrowd$14MForetellix, 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 2018Seed-$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

Investors in Foretellix by funding rounds participated
InvestorHQRoundsRoleFirst check
Jump CapitalUnited StatesChicago, IL3LeadJan 2019
OurCrowdIsraelJerusalem3ParticipantJan 2019
83NorthUnited KingdomUnited Kingdom3LeadJan 2019
Next Gear VenturesIsraelHerzliya3LeadJan 2019
MoreTech VenturesIsraelTel Aviv2LeadSep 2021
Volvo Group Venture CapitalSwedenGothenburg2ParticipantSep 2021
TemasekSingaporeSingapore1ParticipantMay 2023
NVIDIAUnited StatesSan Jose, CA1ParticipantMay 2023
ComfortDelGroSingaporeSingapore1ParticipantJan 2019
Nationwide BuildingUnited KingdomSwindon1ParticipantMay 2023
National InstrumentsUnited StatesAustin, TX1ParticipantSep 2021
Japan-Israel Hi-Tech VenturesSingaporeSingapore1ParticipantSep 2021
Nationwide VenturesUnited StatesColumbus, OH1ParticipantSep 2021

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Acquisitions 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

Metamoto
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 CountryUnited States
HQ City
San Francisco, CA
Deal Date7 Oct 2020
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Foretellix Competitors

Foretellix competitors include listed companies like Cidi, Kodiak AI and Tesla, and private ones like Applied Intuition, Didi Woya and Momenta.

Public and private companies comparable to Foretellix
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Applied IntuitionUnited StatesSan Francisco, CAPrivate$415M-$15B36.1x
Didi WoyaChinaBeijingPrivate--$5B-
MomentaChinaBeijingPrivate$76M-$5B-
CidiChinaChinaPublicly listed$132M($155M)$1.3B5.0x
Kodiak AIUnited StatesUnited StatesPublicly listed$4M($577M)$768M98.7x
TeslaUnited StatesUnited StatesPublicly listed$95B$10B$1.4T13.8x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Tesla$95B$10B15.0x13.8x140.8x97.4x
Palantir$4.5B$1.5B92.6x58.1x285.0x97.4x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Stryker$25B$6.3B4.7x4.5x18.8x15.6x
General Motors$185B$15B1.0x1.0x12.1x8.5x
Z.ai$108M($658M)422.9x65.9x(69.4x)(73.0x)
Unitree Robotics$253M$55M118.8x-548.5x-
SAIC Motor$98B$7.1B0.1x0.1x1.5x2.3x

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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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