Wayve's co-founder, Alex Kendall, emphasized at Nvidia's GTC conference that the startup's focus is on cost-effective, hardware-agnostic autonomous vehicle software that supports advanced driver assistance systems (ADAS) and other applications. The data-driven approach allows the system to learn driving behavior directly from sensory input, eliminating dependence on HD maps. With over $1.3 billion raised, Wayve plans to license this technology to automotive partners and is currently in negotiations with multiple OEMs. This model promises to sustain business growth while ensuring broad applicability across vehicle types.
"Entering into ADAS is really critical because it allows you to build a sustainable business, to build distribution at scale, and to get the data exposure to be able to train the system up to Level 5."
"The approach has attracted investors. Wayve, which launched in 2017 and has raised more than $1.3 billion over the past two years, plans to license its self-driving software to automotive and fleet partners, such as Uber."
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