Wayve Receives $2bn Cash Injection from Microsoft and Softbank
British AI start-up Wayve is in talks for a landmark deal that could value the company at $8bn, accelerating the driverless car race.
Founded in 2017 by Cambridge PhD students Alex Kendall and Amar Shah, Wayve has developed a breakthrough approach to self-driving cars using machine learning and computer vision.
The company's AI-powered software is designed to make any car hands-free, teaching vehicles how to drive through real-world video and data rather than relying on pre-programmed rules.
- Backed by elite investors including SoftBank, Nvidia, Microsoft, Ilya Sutskever, and Yann LeCun
- Previous funding includes $1 billion round led by SoftBank and $500 million from Nvidia
Wayve's approach to self-driving cars uses machine learning and computer vision to teach vehicles how to drive through real-world video and data.
Author's summary: Wayve receives $2bn investment from Microsoft and Softbank.