British startup Wayve announced on Tuesday that it had secured a total of $1.05 billion in funding in a Series C round spearheaded by Japan’s SoftBank, with participation from new investor U.S. chipmaker Nvidia and existing investor Microsoft.
This significant investment aims to accelerate the advancement of Wayve’s self-driving car technology, based in Cambridge. The funding demonstrates a strong vote of confidence in the company and showcases the growing investment in the AI sector.
Wayve’s co-founder and CEO, Alex Kendall, expressed the company’s vision of developing autonomous technology that not only becomes widespread but also fosters trust among users, seamlessly integrating into their daily lives to create significant value.
Source (CNBC)
