Volvo invests in automated vehicle verification platform
Volvo Group Venture Capital has invested in automated vehicle verification and validation company Foretellix.
Founded in 2018, Foretellix’s mission is to make automated driving systems safe and efficient.
The Foretellix verification platform aims to figure out when a product is safe enough to commercialise. It uses intelligent automation and big data analytics tools that coordinate and monitor millions of driving scenarios to ensure that the autonomous vehicle behaves correctly under all possible driving conditions, including edge cases.
In 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.
The role of Volvo Group Venture Capital is to make investments that drive transformation by facilitating the creation of new services and solutions and to support collaborations between start-ups and the Volvo Group.