Wayve, a U.K.-born startup developing a self-learning system for autonomous driving, has raised $1.05 billion in Series C funding led by SoftBank Group. The company plans to use the funds to develop its product for assisted and fully automated driving, expand globally, and apply its technology to robotics. The fundraising is seen as a validation of Wayve's approach to autonomous driving and its ability to collect data from cameras on new cars. The U.K. government also praised Wayve's achievements and its contribution to advancing AI technology.
Keyword: Wayve, autonomous driving, AI, funding, SoftBank Group, robotics, training data, Cambridge, Embodied AI, self-driving cars, technological advancements, U.K. government, artificial intelligence
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Last edited on: May 7, 2024 at 09:05 pm