Nationwide invests in Foretellix
Foretellix, a provider of safety-driven verification and validation solutions for Automated Driving Systems and Advanced Driver Assistance Systems (ADAS), announced it has raised $43 million in the first closing of its Series C funding round led by 83North, bringing its total raised capital to over $93 million. Woven Capital, the growth fund of Toyota, and NVIDIA joined the financing round, along with Artofin VC. All major existing shareholders participated, including MoreTech, Nationwide, Volvo Group VC, and Jump Capital.
Founded in 2018, Foretellix will use the funding to expand its product portfolio and enter new markets.
Foretellix’s Safety-Driven Verification & Validation (SDV) Platform – Foretify™ is used by Automotive, Trucking, and Mining customers, including Volvo Group, Torc – a Daimler Truck subsidiary, and others, to accelerate the development and deployment of their Automated Driving Systems.
Foretellix established partnerships with major simulation companies, including IPG, NVIDIA, dSPACE, VIRES, AI Motive, and Cognata, providing its customers with a verification and validation (V&V) solution.