A London, UK-based startup called Wayve acquired $1.05 billion in Series C investment to integrate cutting-edge AI into cars and robotics.
Investors
- SoftBank Group
- Microsoft
- NVIDIA
Use of funds
The money will be used by the business to create and introduce the first Embodied AI products for automobile manufacture.
About Wayve
Wayve is a 2017 startup that develops Embodied AI technology for automated driving, under the direction of CEO Alex Kendall. Their cutting-edge artificial intelligence (AI) software and autonomy foundation models allow cars to see, comprehend, and navigate through any environment, improving the usability and security of autonomous driving systems. It is creating hardware-neutral and mapless Embodied AI solutions for fleet managers and automakers, hastening the transition from assisted to autonomous driving.
