Wayve, a UK-born startup, has closed a $1.05 billion Series C funding round led by SoftBank Group, the largest AI fundraise in the UK and among the top 20 globally. The company plans to use the capital to develop various autonomous driving applications and expand operations worldwide.
Wayve's autonomous driving system, initially tested on streets of Cambridge with an electric Renault Twizy, gained traction through partnerships like Ocado. Embracing a similar approach to Tesla, Wayve aims to provide its system to multiple auto OEMs, potentially leveraging more training data.
Wayve introduces its hardware-agnostic mapless AI product 'Embodied AI,' targeting not just car manufacturers but also robotics companies. By learning from diverse human behaviors in different environments, the platform aims to enhance its autonomous capabilities across various industries.
[
add
]
[
|
|
...
]