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Waabi

Toronto’s Waabi Raises $200M to Launch Driverless Trucks

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Toronto’s Waabi has raised $200 million USD in an oversubscribed Series B round led by Uber and Khosla Ventures, bringing its total investment to over $280 million USD. Key investors include NVIDIA, Volvo Group Venture Capital, and Porsche Automobil Holding SE. The funds will support the deployment of Waabi’s generative AI-powered autonomous trucks by 2025.

Waabi’s end-to-end AI system, capable of human-like reasoning and requiring less training data, represents a significant breakthrough in autonomous vehicle technology. Founder and CEO Raquel Urtasun highlights this as a monumental step for AI in the physical world.

Want to know more? Check out the source code here.

Toronto’s Waabi Joins Forces with Uber Freight for Autonomous Freight Transport

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Autonomous trucking startup Waabi has partnered with Uber Freight for a decade-long venture, committing substantial driverless capacity to Uber’s network.

Waabi’s initial phase involves commercial pilots transporting goods between Dallas and Houston. They plan to introduce a “Driver-as-a-Service” model, allowing carriers to opt into the Uber Freight marketplace using Waabi’s driver technology.

Waabi’s AI-driven approach, utilizing the Waabi World simulator, enables rapid deployment and scaling. This collaboration marks Waabi’s first public commercial partnership, showcasing their ambitious entry into the market.

Want to know more? Check out the source code on TechCrunch.