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– Foretellix announced a $32m Series B funding round, bringing its total raised capital to over $50m.
– The round was led by MoreTech Ventures with participation from several strategic investors, including Volvo Group Venture Capital, Nationwide and Japan-Israel High Tech Ventures. In addition, all series A investors, including 83North Ventures, Jump Capital, OurCrowd and NextGear participated in this new investment round.
– Foretellix was founded in 2018 by a team of verification and validation pioneers with a mission to make automated driving systems safe and efficient.
– Tetavi, a Los Angeles, CA-based volumetric technology platform, closed a $20m venture funding round.
– The round was led by Insight Partners, with participation from OurCrowd, Nimble Ventures and additional private investors.
– The company intends to use the funds to increase its presence in North America, expanding its partnerships and content platform across the U.S. with specific locations in Los Angeles and New York.
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