At a time when autonomous vehicles and Tesla's Autopilot driver-assist system are drawing greater scrutiny over their public road performance, there's greater appetite for closer evaluation of their competence.
Israeli startup Foretellix provides such verification and validation. The company has established recent partnerships with Volvo's autonomous vehicle division and Denso Group, among others.
Now it's gaining traction with investors. The company said Wednesday it has raised $32 million in its Series B funding round. Foretellix, founded in 2017, has received approximately $50 million in investments to date.
"The additional funding round is an important milestone in our journey as a company, and will help us address the growing demand for our platform and products," Ziv Binyamini, Foretellix's CEO and co-founder, said in a written statement.