Financial news outlets, company press release

Wayve Secures $1.05 Billion for AI-Driven Autonomous Vehicles

May 7, 2024, 06:58 AM

Wayve, an AI startup specializing in autonomous driving technology, has successfully raised $1.05 billion in a Series C funding round. The round was led by SoftBank Group, with significant contributions from Nvidia and Microsoft. This funding is set to advance Wayve's development and launch of its Embodied AI technologies for self-driving vehicles. Wayve's CEO, Alex Kendall, highlighted the importance of this milestone and expressed enthusiasm about the future possibilities enabled by this investment.