British self-driving AI car firm Wayve wins record funding of US$1.05b

Wayve News

British self-driving AI car firm Wayve wins record funding of US$1.05b
Self-Driving CarsAutonomous CarsAutonomous Vehicles
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LONDON, May 7 — Britain’s tech start-up Wayve today announced a record US$1.05-billion (RM4.9-billion) fundraising led by Japan’s SoftBank to develop artificial...

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Wayve, which was founded in 2017 as a pioneer of vehicle-embedded AI, has also secured some of the cash from US technology titan Microsoft and semiconductor giant Nvidia, it said in a statement. “This innovation holds tremendous potential to enhance the usability and safety of autonomous driving systems, empowering them with the intelligence to confidently navigate situations that do not follow strict patterns or rules, such as unexpected actions by drivers, pedestrians, or environmental elements,” Wayve said.The group noted that its technology “can empower any vehicle to perceive its surroundings and safely drive through diverse environments”.

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