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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