FRSX | Market Cap: $3.4M (07/13/26)
Industry:
Hardware Software
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DESCRIPTION

Foresight Autonomous Holdings is an Israeli technology company developing vehicle safety and perception systems for automotive, defense, agriculture, drone, and rail applications. The company operates through two business units. Foresight Automotive develops stereoscopic 3D perception systems — using synchronized cameras to generate depth maps for obstacle detection and autonomous navigation. Key products include ScaleCam, a separated stereo camera with automatic calibration software; QuadSight, a four-camera system combining visible-light and thermal infrared cameras suited for harsh conditions and defense use; and Dragonfly Vision, a 360-degree 3D perception system expected in 2027. Eye-Net Mobile, ~89% owned by Foresight, develops software-based Vehicle-to-Everything (V2X) collision prevention that runs on existing cellular networks using smartphones, sending real-time pre-collision alerts without dedicated hardware. Foresight is pre-revenue in a meaningful sense — both units are in the commercialization phase, with customers typically progressing through paid proof-of-concept projects, co-development agreements, and eventually long-term production or licensing deals. The company has five commercial agreements signed with aggregate potential revenues of roughly $118M, spanning autonomous tractor kits in Korea, drone platforms in India, urban rail in China, and a global defense software license with Elbit. R&D is the dominant cost, partly funded by Israeli government grants, with minimal capital expenditure needs given the software-focused model.

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