Volvo Group Venture Capital welcomes Foretellix, a pioneer in automated vehicle verification and validation

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Volvo Group Venture Capital welcomes Foretellix, a pioneer in automated vehicle verification and validation

StreetInsider2021-09-01

GÖTEBORG, Sweden, Sept. 1, 2021 /PRNewswire/ -- Volvo Group Venture Capital AB has announced a new investment in a leading company in the field of measurable safety for driver assistance and ...

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li0010ng
·2021-09-01
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JiaHoong
·2021-09-01
great
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Foretellix Ltd was founded in 2018 by a team of verification and validation pioneers whose mission is to make automated driving systems safe and efficient.\nOne of the main challenges of autonomous systems is deciding when a product is safe enough to commercialize. 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.\nIn addition to the Volvo Group Venture Capital investment, Volvo Autonomous Solutions formed a closer partnership with Foretellix earlier this year with the aim of jointly creating a coverage-driven verification solution for autonomous driving that operates both on public roads and in restricted areas.\n\"Volvo Autonomous Solutions and Foretellix entered into a partnership in March this year. 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,\" says Nils Jaeger, President and head of Volvo Autonomous Solutions.\n\"The team is very experienced and the solution is attractive to a vehicle manufacturer like Volvo. We think that the Foretellix business model and technology will play a part in future mobility. 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