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Wayve raises $1B to take its Tesla-like technology for self-driving to many carmakers

Wayve, a UK-born startup developing a self-learning rather than rule-based system for autonomous driving, has closed a $1.05 billion in Series C funding

Wayve, a UK-born startup developing a self-learning rather than rule-based system for autonomous driving, has closed a $1.05 billion in Series C funding led by SoftBank Group. The company’s research on multimodal and generative models, known as LINGO and GAIA, will offer “language-responsive interfaces, personalized driving styles, and co-piloting,” the firm promises. Also in a statement, Kentaro Matsui, Managing Partner at SoftBank Investment Advisers and a Wayve boardmember said: “AI is revolutionizing mobility… The potential of this type of technology is transformative; it could eliminate 99% of traffic accidents.

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