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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. ....

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