Tech Company Financing Transactions
Foretellix Funding Round
Foretellix, operating out of Ramat Gan, secured $85 million from 83North, Jump Capital and MoreTech Ventures.
Transaction Overview
Company Name
Announced On
12/5/2023
Transaction Type
Venture Equity
Amount
$85,000,000
Round
Series C
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the development of its expanding product portfolio and address the worldwide demand for its solutions.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
11 Menahem Begin, Rogovin Tidhar building
Ramat Gan, 99999
IL
Ramat Gan, 99999
IL
Phone
Website
Email Address
Overview
Foretellix's mission is to enable 'measurable safety' of ADAS & autonomous vehicles, enabled by a transition from measuring 'quantity of miles' to 'quality of coverage'. Foretellix tackles the most challenging barrier to autonomous vehicle deployment -- Safety: ensuring the autonomous vehicle behaves properly under all possible driving conditions including edge cases. Foretellix develops intelligent automation and analytic tools to orchestrate and monitor 100's of millions of driving scenarios including edge cases, providing the confidence required to allow the broad deployment of ADAS & autonomous vehicles and to unleash the full potential of the autonomous revolution.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ziv Binyamini
Chief Financial Officer
Doron Ilan
Chief Technical Officer
Yoav Hollander
Co-Founder
Gil Amid
VP - Marketing
Gil Reiter
VP - R & D
Ron Grosberg
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC investment data records reported here are derived from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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