AI approach to vehicle autonomy brings $200m to Wayve

News

A London-based start-up pioneering an AI led approach to autonomous vehicles has announced $200m Series B funding backed by global financial and strategic investors.

Wayve’s advanced deep learning and camera-first technology is designed to adapt to new, unstructured, highly complex environments without the need for pre-programming, human-designed rules, or high-definition mapping. The company’s AV2.0 technology continually learns from petabyte-scale driving data provided by Wayve's partner fleets, including Ocado Group, Asda, and DPD.

In a statement, Alex Kendall, Co-founder and CEO, Wayve said: “We were the first team to develop the scientific breakthroughs in deep learning to build autonomous driving technology that can easily scale to new markets using a data-learned approach.

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“Today, we have all of the pieces in place to take what we have pioneered and drive AV2.0 forward. We have brought together world-class strategic partners in transportation, grocery delivery and compute, along with the best capital resources to scale our core autonomy platform, trial products with our commercial fleet partners, and build the infrastructure to scale AV2.0 globally.”

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