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
Amount Raised
$200 Million
Round Type
Series B
TorontoArtificial IntelligenceTransportationAutomotiveMachine LearningInvestors
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.
Quick answer
Waabi raised $200 Million in a Series B round, dated June 18, 2024. Investors: Ingka Investments, Scania Invest, Porsche Automobil Holding SE, Volvo Group Venture Capital, Nvidia, Khosla Ventures and Uber. Waabi is based in Toronto, Ontario, Canada.
- How much did Waabi raise?
- Waabi raised $200 Million in a Series B round on June 18, 2024.
- Who invested in Waabi?
- Ingka Investments, Scania Invest, Porsche Automobil Holding SE, Volvo Group Venture Capital, Nvidia, Khosla Ventures and Uber are named as investors in this round.
- What does Waabi do?
- Waabi, founded by AI pioneer and visionary Raquel Urtasun, is an AI company building the next generation of self-driving technology.
- Where is Waabi based and how big is it?
- Waabi is based in Toronto, Ontario, Canada. Fundz records about 320 employees.
- Who are the decision-makers at Waabi?
- Fundz holds 2 contacts at Waabi. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Transportation and Automotive around the same time
Companies in the same sectors as Waabi that raised within 45 days of this round, from Fundz verified event records.
- Fractile raised $15M (Seed) on July 26, 2024.
- Phyron raised $11M (Series B) on July 9, 2024.
- Orca AI raised $23M (Funding Round) on May 24, 2024.
- Gnani AI raised $4M (Funding Round) on August 2, 2024.
- DELIVERS.AI raised an undisclosed amount (Funding Round) on August 2, 2024.
- Ferrum Health raised $15M on August 2, 2024.
Who to call at Waabi, and when
A new round usually means Waabi is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Waabi raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Waabi, from your own LinkedIn network
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Funding Insights
What this usually meansWaabi raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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