Wayve raises £1.1 billion in latest funding round
Autonomous vehicle software startup Wayve has announced that it has raised £1.1 billion from a host of technology giants and major automakers. The funding round, which values the startup at £6.4 billion, includes almost £900 million from investors including Microsoft, Nvidia, and Uber, as well as Mercedes-Benz, Nissan, and Stellantis, says Business Insider. It also […]
Wayve in talks over $1bn investment
Wayve, the self-driving car start-up launching autonomous taxis on UK roads, are in talks to raise over $1bn in one of largest funding rounds ever for a British AI start-up Founded in Cambridge in 2017, the company is one of a group of tech businesses racing to launch self-driving taxi pilots on UK roads in the coming months. […]
Wayve ‘in talks’ with Microsoft and SoftBank to raise $2bn
Wayve are in talks with Microsoft and SoftBank to raise up to $2bn of new funding. The deal could value Wayve at roughly $8bn, although sources suggest that no valuation had been set and that talks were still at ‘early stages’, the Financial Times reports. Founded in 2017, London-based Wayve has emerged as one of […]
Nissan unveils next-generation ProPILOT featuring Wayve’s AI Driver
London-based tech start-up Wayve are playing a leading role in Nissan’s commenced demonstrations of its next-generation ProPILOT advanced driver-assist technology, ahead of its scheduled launch in Japan during F27. A fleet of all-electric Nissan Ariya-based prototype vehicles demonstrated their ability to drive safely and confidently within the complex urban environment of central Tokyo. Combining “Wayve AI Driver” […]
Wayve and Uber partner to launch L4 autonomy trials in the UK
Wayve and Uber are to embark on a plan to develop and launch public-road trials of Level 4 (L4) fully autonomous vehicles in London. This announcement marks the UK as the largest market where Uber has announced an intention to pilot autonomous vehicles. These trials will combine Wayve’s industry-leading Embodied AI platform with Uber’s global […]
Wayve set to take on US AV tech giants
British autonomous vehicle firm Wayve has announced that it is hiring staff who would be responsible for “supervising and directing a team of drivers and safety operators, and overseasing on-road experimentation and development” based out of Mountain View in the San Francisco Bay Area. The London-based driverless vehicle oioneers are planning to put cars on […]
Wayve: Nvidia backs UK self-driving start-up in US$1 billion funding round
Nvidia is investing in Wayve Technologies, joining a US$1.05 billion funding round for the UK start-up that wants to get its autonomous-driving technology into cars. The fundraising – one of the largest ever for a European artificial intelligence company – was led by SoftBank Group, with existing investor Microsoft putting in further funds. The valuation […]
Asda and Wayve launch UK’s largest self-driving grocery home delivery trial
Asda customers in West London can now have their shopping delivered by a Wayve self-driving vehicle as part of the UK’s largest autonomous grocery home shopping delivery trial. The year-long trial will give the supermarket the ability to autonomously deliver groceries to a catchment area of over 170,000 residents across 72,000 households in London. The […]
Driverless innovator Wayve could move abroad over UK testing rules
The driverless vehicle maker Wayve is reported to be looking at testing its systems abroad because of delays in enacting new UK laws allowing advanced trials of the technology. The Telegraph reports that the company, which is backed by Microsoft and Sir Richard Branson, said the lack of rules allowing driverless car companies to test […]
Wayve announces $200 million investment to deploy next-gen AVs
London-based autonomous mobility start-up Wayve has received $200 million (£148 million) of Series B funding from a group of global financial and strategic investors. This latest round of funding brings total equity raised to over $258 million (£189 million) since inception, which the company says reinforces its position as a leader in autonomous driving, pioneering […]