Wayve

Wayve, a self-driving startup based in London, has secured a monumental US$1.05 billion in a Series C funding round led by SoftBank, with significant contributions from new investor Nvidia and existing supporter Microsoft. This investment propels Wayve to expand its global reach and enhance the AI powering its autonomous driving technology.

Recently announcing Vancouver as its newest hub, Wayve aims to leverage Canadian AI expertise to refine its systems. CEO Alex Kendall emphasized the company’s commitment to building public trust in autonomous vehicles, a sector where competitors like Cruise and Waymo have faced challenges. This move also represents Microsoft’s deepening ties to the automotive sector.

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London-based autonomous driving tech company Wayve is set to bolster its international presence with a new office in Vancouver. This expansion highlights Wayve’s ambition to be a global AI leader and emphasizes its commitment to research and development.

Vancouver’s rapid growth in tech talent, coupled with its educational excellence and vibrant startup ecosystem, makes it an ideal location for Wayve. The new office will focus on advancing Embodied AI in self-driving technology, led by AI expert Dr. Jamie Shotton and computer vision specialist Prof. Yasutaka Furukawa. Wayve’s mission is to deploy autonomous driving in 100 cities, backed by significant funding.

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