PORTFOLIO - Wayve
Autonomous driving startup
On a mission to reimagine autonomous mobility through embodied intelligence
Wayve is a self-driving technology startup that is pioneering the most advanced artificial intelligence software for the next generation of self-driving cars. Founded by a team out of Cambridge University, the company is the first to deploy autonomous vehicles on public UK roads with end-to-end deep learning. Wayve is pioneering the AI software, lean hardware and fleet learning platform for AV 2.0: a next generation autonomous driving system that can quickly and safely adapt to new driving domains anywhere in the world. The team is headquartered in London with their fleet of vehicles testing in cities across the UK.
In January 2022, Wayve has raised $200 million in a Series B funding round backed by a prominent group of global financial and strategic investors. Eclipse Ventures, long-time supporter of Wayve, led the round with participation from new global financial investors. These investors include D1 Capital Partners, Baillie Gifford, Moore Strategic Ventures and Linse Capital, as well as additional support from Microsoft and Virgin, and early-stage investors Compound and Balderton Capital. They join strategic investor Ocado Group and a prominent list of angel investors that include AI and industrial leaders, such as Sir Richard Branson, Rosemary Leith, Linda Levinson, David Richter, Pieter Abbeel, and Yann LeCun. F+ Ventures invested in Wayve in this Series B funding round.
This latest round of funding brings total equity raised to over $258 million since inception and reinforces Wayve’s position as a leader in autonomous driving, pioneering an artificial intelligence (AI) led approach to autonomous vehicles (AVs) on a global scale. Wayve aims to be the first to deploy autonomy in 100 cities.