Foresight Faces Reality, and Seeks New Businesses
27 August, 2026
Foresight’s vision technology for vehicles and robotic systems has failed to generate significant revenue. The company is now exploring new areas of activity, ranging from cybersecurity to data centers
By Roni Lifshitz
photo above: VisionWave’s VARAN platform is expected to use Foresight’s vision system
Israel-based Foresight Autonomous Holdings is seeking new areas of activity, as its core business—computer vision systems for vehicles and robotic platforms—has failed to generate significant revenues. In an announcement published this week, the company stated:
“The Company is evaluating opportunities to expand its business activities into additional technology sectors, including AI-based technologies and applications, cybersecurity or data centers, including through a possible acquisition. The evaluation is part of Foresight’s broader effort to identify new business opportunities and potential growth areas beyond its current activities.
“The evaluation process is at an early stage, and no decision has been made regarding entry into any new market or the pursuit of any specific acquisition. Foresight has not established a timetable for completing the evaluation process, and no decision has been made at this stage regarding any potential transaction. The Company does not intend to provide details regarding its evaluation of potential opportunities until it determines that further disclosure is appropriate or required. There can be no assurance as to the outcome or timing of the evaluation process, or that any particular transaction will be pursued or completed.”
The company was founded in 2015 by CEO and Chairman Haim Siboni and Chief Technology Officer Levi Tzruya to develop three-dimensional (stereoscopic) computer vision systems for the automotive and autonomous mobility industries. Foresight developed QuadSight, a computer vision system for advanced driver assistance systems (ADAS) and autonomous driving. The company’s system uses two infrared cameras and two visible-light cameras. This configuration is designed to provide stereoscopic (3D) vision that mimics human vision. In the past, the company reported that tests it conducted showed that the system achieved obstacle detection rates approaching 100% under all weather and lighting conditions.
Rescue Deal Falls Through
The latest announcement does not amount to an admission that the company’s technology has failed. Its technology has attracted considerable interest, and Foresight has signed numerous technology collaboration agreements with major companies. However, it has failed to turn that technology into a significant sales engine. Despite more than a decade of activity and tens of millions of dollars raised, its sales declined by 8.7% in 2025, totaling just $398,000. The largest component of its revenue, amounting to $162,000, was a payment for the completion of a proof-of-concept project with Elbit Systems. Over the full year, the company lost more than $12 million.
About two months ago, Foresight attempted to carry out what amounted to a rescue deal with U.S.-based VisionWave, which operates in the defense sensor and AI market. The agreement was signed in June 2026. Under its terms, VisionWave was to acquire 52% of Foresight’s shares in exchange for VisionWave shares with a total value of approximately $17.5 million. The transaction valued Foresight at approximately $34 million. On July 23, 2026, Foresight shareholders voted against the agreement, and it was not approved. As a result, the transaction was terminated and did not proceed, leaving Foresight to continue operating as an independent company.
Today, Foresight trades on Nasdaq at a market capitalization of only about $5 million, while the VisionWave transaction has effectively been scaled back to a technology collaboration. Last week, the two companies announced a preliminary agreement to integrate Foresight’s vision system into VisionWave’s VARAN platform, a modular unmanned ground vehicle (UGV) platform.
The companies expect the strategic collaboration to encompass technology development and integration, autonomous systems, advanced sensing, defense robotics, demonstrations, proof-of-concept (POC) programs, customer evaluations, business development, as well as opportunities for serial production and potential commercialization.
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