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Travel Startups Raise $1 1 Billion in Two Weeks

Eight travel startups announced more than $1 billion in funding in the past two weeks, led by a company developing fully autonomous vehicles.

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Unpacking Autonomy s Potential, From Factories to the Fast Lane

Unpacking Autonomy s Potential, From Factories to the Fast Lane
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Wayve raises $1B to take its Tesla-like technology for self-driving to many carmakers

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

Wayve, a U.K.-born startup developing a self-learning rather than rule-based system for autonomous driving, has closed $1.05 billion in Series C funding led by SoftBank Group. The company plans to use the fresh capital injection to develop its product for "eyes on" assisted driving and "yes off" fully automated driving and other AI-assisted automotive applications. San Francisco has become known as the epicenter for autonomous driving roll-outs, with Alphabet-owned Waymo and GM-owned Cruise both operating services in the city.

San franciscoUnited statesUnited kingdomRenault twizyKentaro matsuiAlex kendallYann lecunSoftbank groupUnited kingdom bornAlphabet owned waymoPrime minister rishi sunakWorld wide webManaging partnerSoftbank investment advisersBank groupAutonomous driving