Waabi raises $200 million in Series B funding led by Uber and Khosla Ventures to get gen AI driverless trucks on the road in 2025

Jun 18, 2024•over 1 year ago

Amount Raised

$200 Million

Round Type

series b

TorontoTransportationAutomotiveMachine LearningArtificial Intelligence

Investors

Ingka InvestmentsScania InvestPorsche Automobil Holding SeVolvo Group Venture CapitalNvidiaKhosla VenturesUber

Description

Toronto-based self-driving startup Waabi announced a Series B funding round of $200 million on Tuesday, promising a 2025 rollout of the company’s generative AI-powered driverless trucks. The funding was led by Uber and Khosla Ventures, with new strategic investors including Nvidia, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest, and Ingka Investments.

Company Information

Company

Waabi

Location

Toronto, Ontario, Canada

About

Waabi, founded by AI pioneer and visionary Raquel Urtasun, is an AI company building the next generation of self-driving technology. With a world class team and an innovative approach that unleashes the power of AI to “drive” safely in the real world, Waabi is bringing the promise of self-driving closer to commercialization than ever before. Waabi is backed by best-in-class investors across the technology, logistics and the Canadian innovation ecosystem, including Khosla Ventures, Uber, 8VC, Radical Ventures, OMERS Ventures and BDC Capital’s Women in Technology Venture Fund.

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Funding Insights

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