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Waabi secures $750 million USD in a Series C funding round, marking the largest-ever tech fundraise in Canada, co-led by Khosla Ventures and G2 Venture Partners.

Jan 28, 2026

Amount Raised

$750 Million

Round Type

Series C

TorontoArtificial IntelligenceTransportationAutomotiveMachine Learning

Investors

HarbourVest PartnersIncharge CapitalTelus Global VenturesExport Development CanadaThrive Venture FundUberNvidiaPorscheVolvoRadical VenturesKhosla VenturesG2 Venture Partners

Description

Waabi, a Toronto-based autonomous vehicle startup, announced it raised $750 million USD in a Series C round, the largest in Canadian history. The funds will help accelerate the development of its physical AI platform and enter new markets like robotaxis. Founded by CEO Raquel Urtasun, the round was primarily focused on investing in growth. Investors included Khosla Ventures, G2 Venture Partners, and Uber, among others.

Quick answer

Waabi raised $750 Million in a Series C round, dated January 28, 2026. Investors: HarbourVest Partners, Incharge Capital, Telus Global Ventures, Export Development Canada, Thrive Venture Fund, Uber, Nvidia and Porsche. Waabi is based in Toronto, Ontario, Canada.

How much did Waabi raise?
Waabi raised $750 Million in a Series C round on January 28, 2026.
Who invested in Waabi?
HarbourVest Partners, Incharge Capital, Telus Global Ventures, Export Development Canada, Thrive Venture Fund, Uber, Nvidia and Porsche 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.

  • Azio AI Holdings, Inc. raised $3.9M on March 6, 2026.
  • Neural Concept raised $100M (Series C) on December 18, 2025.
  • ASAPP raised $24M on March 13, 2026.
  • BrightPlan Group raised an undisclosed amount (Funding Round) on March 13, 2026.
  • Verses Technologies raised $511K on March 13, 2026.
  • Onyx Security raised $40M (Funding Round) on March 12, 2026.

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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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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.