Wayve secures over $1B to develop AI for self-driving vehicles

Wayve has secured $1.05 billion to develop next-generation "embodied AI" technology for self-driving vehicles.

The funding round for the UK startup was backed by major tech giants like SoftBank Group, NVIDIA, and Microsoft. Wayve plans to use these funds to advance their embodied AI approach, which will enable self-driving cars to learn from and navigate the real world—including unpredictable situations involving other drivers and pedestrians.

Wayve co-founder and CEO...

Wayve partners with Microsoft to scale AI for autonomous vehicles

London-based Wayve has partnered with Microsoft to access the supercomputing infrastructure it requires to scale its AI models for autonomous vehicles.

Wayve and Microsoft already have a close relationship. Microsoft participated in Wayve’s $200 million Series B investment round and Wayze began using Azure in 2020 after its computing requirements grew beyond its in-house 12-HDD RAID array and the SSD-based cache server that superseded it.

Alex Kendall, CEO of Wayve,...