Volvo Group Venture Capital invests in autonomous driving verification firm
By Will Hall - 6th September 2021
Sweden / Israel – Volvo Group Venture Capital AB* of Gothenburg, Sweden, has announced a new investment in Foretellix, a company specialising in the verification of autonomous driving systems, based in Tel Aviv, Israel. Foretellix use intelligent automation and big data tools to monitor millions of potential driving scenarios, ensuring that autonomous vehicles behave correctly under all possible conditions.
Volvo’s investment extends the partnership with Foretellix established in March of 2021, where the two firms signed a collaborative agreement to create a coverage-driven verification solution for Volvo autonomous vehicles and machines in both on-road and off-road applications. Focusing on the provision of high levels of safety and productivity within the recently created Volvo Autonomous Solutions division, the partnership is hoped to significantly reduce operating costs and time to market.
