Wayve raises $1.05B for autonomous driving technology

Wayve has developed hardware-agnostic foundation models for autonomous driving. | Source: Wayve

Wayve yesterday announced it closed a $1.05 billion Series C funding round. The London-based developer of embodied artificial intelligence (AI) for autonomous driving was founded in 2017. While most autonomous vehicles (AVs) work by extensively mapping out the areas they drive in, Wayve uses deep learning techniques to allow its cars to drive anywhere. To train its software, Wayve uses hundreds...