Wayve, a London, UK-based company integrating advanced AI into vehicles and robots, raised $1.05 Billion in Series C funding.
The round was led by SoftBank Group, with participation from new investor NVIDIA and existing investor Microsoft.
The company intends to use the funds to develop and launch the first Embodied AI products for production vehicles.
Founded in 2017 and led by CEO Alex Kendall, Wayve is a developer of Embodied AI technology for automated driving. Their advanced AI software and foundation models for autonomy enable vehicles to perceive, understand, and navigate any environment, enhancing the usability and safety of autonomous driving systems. It is developing mapless and hardware-agnostic Embodied AI products for automakers and fleet owners, accelerating the path from assisted to automated driving.
FinSMEs
08/05/2024