Wayve raises €1 billion Series D at €7.2 billion valuation for AI-driven autonomous driving platform
By
David Cendon Garcia
A baker's-dozen of insight crammed into one ring.
Summary
Wayve, a UK-based embodied AI company focused on autonomous driving, raised €1 billion ($1.2 billion) in a Series D funding round led by Eclipse, Balderton, and SoftBank Vision Fund 2, reaching a €7.2 billion ($8.6 billion) valuation. The investment includes backing from Microsoft, NVIDIA, Uber, and other global institutional investors. The company plans to use the funds to transition from AI research leadership to scaled commercial deployment of its end-to-end AI platform for autonomous vehicles.
Key quotes
· 3 pulledWayve, a UK leader in embodied AI for autonomous driving, today announced it has raised €1 billion ($1.2 billion) in a Series D investment round
The round was led by Eclipse, Balderton and SoftBank Vision Fund 2, and brings in new investment from Ontario Teachers' Pension Plan, Baillie Gifford, British Business Bank, Icehouse Ventures, Schroders Capital and other global institutional investors
Microsoft, NVIDIA and Uber
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