Volvo Group Venture Capital has announced a new investment in a company in the field of measurable safety for driver assistance and autonomous vehicles.
Foretellix was founded in 2018 by a team of verification and validation experts aiming to make automated driving systems safe and efficient.
One of the main challenges of autonomous systems is deciding when a product is safe enough to commercialise. This is what Foretellix is tackling with its verification platform. It uses intelligent automation and big data analytics tools which coordinate and monitor millions of driving scenarios to ensure that the autonomous vehicle behaves correctly under all possible driving conditions, including edge cases.
Volvo Autonomous Solutions formed a closer partnership with Foretellix earlier this year with the aim of jointly creating a coverage-driven verification product for autonomous driving that operates both on public roads and in restricted areas.
“We clearly understand the ongoing progress and the benefits of working with the Foretellix team and their verification platform. Based on our experience, Volvo decided to invest in Foretellix as well,” said Nils Jaeger, president and head of Volvo Autonomous Solutions.
“The investment from Volvo Group Venture Capital further strengthens our partnership with the Volvo Group and will help Foretellix to continue accelerating the safe deployment of increasingly advanced automated driving systems,” said Ziv Binyamini, CEO and co-founder of Foretellix.