"Founded in 2017 by Cambridge PhD students Alex Kendall and Amar Shah, Wayve has developed a breakthrough approach to self-driving cars, using machine learning and computer vision to teach vehicles how to drive through real-world video and data-rather than relying on pre-programmed rules. The fast-growing company is already backed by an elite roster of investors, including SoftBank, Nvidia, Microsoft, Ilya Sutskever (OpenAI co-founder), and Yann LeCun (Meta's Chief AI Scientist)."
"Wayve's AI-powered software is designed to make any car hands-free. It is currently being trialled with retail and logistics partners including Asda, Ocado, and Uber, with UK road tests set for next spring. The company has also signed a landmark deal with Nissan, aiming to integrate its technology into Nissan vehicles by 2027. From humble beginnings in a garage, Wayve now employs over 800 staff across six countries, making it one of the UK's most internationally ambitious AI ventures."
Wayve was founded in 2017 by Cambridge PhD students Alex Kendall and Amar Shah and trains vehicles to drive using machine learning and computer vision on real-world video and data rather than pre-programmed rules. The company is in early talks for a $2 billion funding round valuing it at $8 billion. Existing backers include SoftBank, Nvidia, Microsoft, Ilya Sutskever, and Yann LeCun, with SoftBank and Nvidia contributing large recent investments. Wayve's software aims to make any car hands-free and is being trialled with Asda, Ocado, and Uber, with UK road tests next spring and a partnership to integrate into Nissan vehicles by 2027. The company employs over 800 staff across six countries and emphasizes handling unpredictable scenarios to improve road safety and scale autonomous solutions.
Read at Business Matters
Unable to calculate read time
Collection
[
|
...
]