Wayve Secures Record Funding for Embodied AI Revolution
British AI company Wayve has secured £837 million ($1.05 billion) in Series C funding, with SoftBank, NVIDIA, and Microsoft leading the investment round. This significant funding will further propel Wayve's mission to revolutionize autonomous mobility through Embodied AI, where advanced AI is integrated into vehicles and robots to enhance interaction with human behavior in real-world environments. Wayve, founded in 2017, is a pioneer in the field of Embodied AI for autonomous driving, having developed and tested an end-to-end deep learning autonomous driving system on public roads. This investment will enable the company to develop and launch the first Embodied AI products for production vehicles, empowering OEMs to upgrade cars to higher levels of driving automation.
Embodied AI represents the next stage of AI innovation, surpassing Generative AI and large language models by allowing machines to comprehend and learn from human behavior in real-world settings.
Wayve's efforts in developing hardware-agnostic AI driving models for mapless autonomous driving, along with innovative technologies like fleet learning and simulation platforms, have positioned the company as a market leader in AV2.0. The company's focus on multimodal and generative models is driving the automotive industry towards an era where AI-equipped vehicles offer intuitive and personalized driving experiences. This investment will further enhance Wayve's capabilities in delivering advanced Embodied AI solutions for safer and more accessible autonomous driving experiences.
Wayve's collaboration with SoftBank, NVIDIA, and Microsoft underscores a shared vision to redefine driving through AI. This partnership will support the development and deployment of Wayve's end-to-end AI autonomous driving products for automotive enterprise customers. By leveraging cutting-edge technologies and expertise from Microsoft, this investment will enable Wayve to scale innovative Embodied AI solutions while ensuring the safety and accessibility of automated driving experiences for consumers. With a strong focus on advancing Embodied AI research, building an industry-leading AV2.0 Platform, and expanding operations in new markets, Wayve is poised to unlock the vast potential of Embodied AI in the automotive industry and beyond.
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