Wayve, a London-based start-up reimagining autonomous mobility through embodied intelligence, announced that it raised $200 million Series B backed by a prominent group of global financial and strategic investors.
This latest round of funding brings total equity raised to over $258 million since inception and reinforces Wayve’s position as a leader in autonomous driving, pioneering artificial intelligence (AI) led approach to autonomous vehicles (AVs) on a global scale.
Eclipse Ventures, a previous investor, led the round. Other participating investors include D1 Capital Partners, Baillie Gifford, Moore Strategic Ventures, and Linse Capital, as well as Microsoft and Virgin, and early-stage investors Compound and Balderton Capital. They join strategic investor Ocado Group and angel investors, including Sir Richard Branson, Rosemary Leith, Linda Levinson, David Richter, Pieter Abbeel, and Yann LeCun.
Company: WAYVE TECHNOLOGIES LTD
Raised: $200.0M
Round: Series B
Funding Month: January 2022
Lead Investors: Eclipse Ventures
Additional Investors: D1 Capital Partners, Baillie Gifford, Moore Strategic Ventures, Linse Capital, Microsoft, Virgin, Compound, Balderton Capital, Ocado Group, Sir Richard Branson, Rosemary Leith, Linda Levinson, David Richter, Pieter Abbeel, and Yann LeCun
Company Website: https://wayve.ai/
Software Category: Artificial intelligence software for self-driving cars
About the Company: Founded in London in 2017, Wayve’s team of machine-learning scientists and roboticists are trying to build an autonomous driving system that’s underpinned by AI. Wayve is pioneering artificial intelligence software for self-driving cars, unique end-to-end machine learning approach learns to drive in new places more efficiently than competing technology. Wayve is on a mission to reimagine autonomous mobility through embodied intelligence. We are the first to deploy autonomous vehicles on public roads with end-to-end deep learning. We are pioneering the AI software, lean hardware, and fleet learning platform for AV 2.0: a next-generation autonomous driving system that can quickly and safely adapt to new driving domains anywhere in the world. The team is headquartered in London with their fleet of vehicles testing in cities across the UK.
Source: https://wayve.ai/blog/wayve-announces-usd200-million-in-funding-to-accelerate-the-development-of-av2-0-the-next-wave-of/