Toronto-based autonomous vehicle startup Waabi raised US$750 million in all-equity Series C financing, the largest funding round in Canadian tech history. Founder and chief executive Raquel Urtasun said the primary capital accelerates Waabi’s physical AI platform, commercial self-driving trucks, and expansion into robotaxis through an exclusive partnership with Uber.
The round was co-led by Khosla Ventures and G2 Venture Partners, with participation from Nvidia, Porsche, Volvo, Radical Ventures, BDC Capital, Export Development Canada, BlackRock-managed funds, and others. The raise surpasses Canadian megadeals and brings Waabi’s funding to US$1.28 billion globally.
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