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Wayve raises over $1bn to develop AI products for automated driving

08 May 2024
A Wayve enabled vehicle in London
Inside a Wayve enabled vehicle
Inside a Wayve enabled vehicle

 

The UK’s Wayve has secured a $1.05bn investment to develop the next generation of artificial intelligence (AI) powered self-driving vehicles. The Series C investment round led by SoftBank Group, with contributions from new investor NVIDIA and existing investor Microsoft.

Launched in 2017, Wayve is developing mapless and hardware-agnostic ‘Embodied AI’ products for automakers and fleet owners, accelerating the path from assisted to automated driving. It has conducted trials on...

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