Volvo invests in Israeli developer of testing platform for autonomous vehicles

Multinational automaker Volvo was among a group of investors that backed Israeli mobility tech startup Foretellix, a developer of a testing and verification platform for driver assistance and autonomous driving systems, according to an announcement Wednesday.

The $32 million Series B funding for Foretellix was led by Israeli venture capital company MoreTech Ventures, with participation from strategic investors including Volvo’s VC arm, Volvo Group Venture Capital, and Japan-Israel High Tech Ventures, a venture fund operated by Singapore-based asset management firm Chartered Group. Foretellix’s previous investors 83North Ventures, Jump Capital, OurCrowd, and NextGear also participated in the investment round, according to

Read more