Uber Invests in SoftBank-Backed UK-Based Wayve to Boost Self-Driving Tech

Aug 29, 2024, 12:14 PM

Uber has made a strategic investment in Wayve, a SoftBank-backed, UK-based autonomous driving software company known for its mapless, end-to-end AI technology. This investment is part of Wayve's $1.05 billion Series C funding round, which was led by SoftBank Group. The partnership aims to integrate Wayve's Embodied AI technology into Uber's global mobility network and collaborate with automakers to accelerate the development of self-driving vehicles. The financial terms of Uber's investment were not disclosed.