Israeli autotech company raises USD 43 million
Categories: Hi-Tech
Foretellix, the leading provider of safety-driven verification and validation solutions for Automated Driving Systems and Advanced Driver Assistance Systems (ADAS), announced today 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.
Foretellix is represented by Erdinast, Ben Nathan, Toledano & Co., with Hamburger Evron, led be partner Shay Dayan, and associates Bar Fenster and Amit Davidson.
Greenberg Traurig advised Volvo Group Venture Capital AB on the deal – led by Tel Aviv Managing Shareholder Joey Shabot, with the support of attorneys Ephraim Schmeidler and Aaron R. Katz.
Woven Capital was represented by DLA Piper’s Richard Bull.
