Funding from Nvidia, Softbank, Microsoft, others (Il Sole 24 Ore Radiocor) - New York, 07 May - UK self-driving technology startup Wayve said it had raised 1.05 billion dollars in a Series C investment round led by SoftBank.

In a statement, Wayve said the funding round had been backed by new investor Nvidia and existing investor Microsoft, to accelerate its mission to reimagine autonomous mobility through embodied intelligence.

Founded in 2017, Wayve is a pioneer in Embodied AI for autonomous driving, having been the first to develop and test an end-to-end deep learning autonomous driving system on public roads.

"This investment supports Wayve in fully developing and launching the first Embodied AI products for production vehicles," the company said.

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(RADIOCOR) 07-05-24 14:19:58 (0523) 5 NNNN