Self-Driving Car Startup Wayve Raises More Than $1 Billion From Investors Including SoftBank, Nvidia

Self-driving car startup Wayve Technologies has raised more than $1 billion from investors to accelerate the development of artificial-intelligence-based products for automakers.

The London-based company said Tuesday that SoftBank Group led the $1.05 billion series C round, with new investor Nvidia and existing investor Microsoft also contributing to the fundraising.

Wayve specializes in so-called embodied AI for autonomous driving, which allows vehicles to interact with, comprehend and learn from human behavior in real-world environments. The technology could improve the usability and safety of self-driving cars, the company says, by allowing autonomous systems to learn to navigate situations that don’t follow strict patterns or rules such as unexpected actions by drivers and pedestrians.

Wayve, which has conducted trials on U.K. public roads since 2018, said the investment would help it fully develop and launch embodied AI products for production vehicles, enabling automakers to upgrade cars to higher levels of driving automation.

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