UK's Wayve Raises Record $1.05B for Autonomous Driving AI, Led by SoftBank

May 6, 2024, 11:40 PM

UK-based startup Wayve has successfully raised $1.05 billion in a Series C funding round, marking it as the largest AI fundraise in the UK and one of the top 20 globally. This round was led by SoftBank, with significant contributions from Nvidia and Microsoft. The funds will support the development and deployment of Wayve's autonomous driving technology, which is comparable to Tesla's but aimed at a broader range of car manufacturers. The investment will specifically advance the development of Wayve's first Embodied AI.