a year ago

Wayve Secures $1.05 Billion to Advance AI-Powered Self-Driving Technology

  • Wayve, a UK-based autonomous vehicle startup, has raised $1.05 billion in a Series C funding round led by SoftBank, Nvidia, and Microsoft

  • This marks the UK's largest AI fundraise to date

  • Wayve has developed an AI-powered self-driving system that uses deep learning algorithms and cameras, eliminating the need for expensive lidar or radar sensors

  • The company plans to license its technology to automotive manufacturers and robotics companies.

      • ProblemTechnology

      "making autonomous driving technology accessible and affordable for everyone by using cameras and AI instead of expensive lidar and HD maps."

      Solution

      "Wayve has developed a self-driving AI model that can be deployed on a variety of vehicles, including cars and robots. The model is trained on data from real-world driving scenarios, as well as from text and other sources. This allows the model to learn how to drive safely and efficiently in a variety of conditions."

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