"The funding consists of a $750 million Series C round led by Khosla Ventures and G2 Venture Partners, plus an additional $250 million milestone-based investment from Uber tied to the robotaxi deployment. The company says it is the largest fundraise in Canadian history. Other investors in the Series C include Uber, NVentures (Nvidia's venture capital arm), Volvo Group Venture Capital, Porsche Automobil Holding SE, BlackRock, Radical Ventures, and a subsidiary of the Abu Dhabi Investment Authority."
"Waabi represents a new breed of autonomous vehicle company-part of what some in the industry call "AV 2.0." These companies use end-to-end AI models that learn to drive from vast amounts of data. Often a single AI model handles perception (understanding where the vehicle is on the road and what is happening around it), navigation (deciding what route to take), and action (deciding how to turn the steering wheel and whether to accelerate or brake)."
Waabi raised $1 billion in new funding, including a $750 million Series C led by Khosla Ventures and G2 Venture Partners plus a $250 million milestone-based investment from Uber tied to robotaxi deployment. Company says the round is the largest fundraise in Canadian history and lists additional investors such as Nvidia's NVentures, Volvo Group Venture Capital, Porsche Automobil Holding SE, BlackRock, Radical Ventures, and an ADIA subsidiary. Waabi signed a deal with Uber to deploy at least 25,000 robotaxis, expanding beyond autonomous trucking. Waabi uses end-to-end AI models ("AV 2.0") that combine perception, navigation and action in a single model. Valuation, initial deployment locations and exact timelines remain undisclosed.
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