Wayve Secures $2 Billion Investment from Microsoft and Softbank
Wayve, a British AI start-up, is in talks to receive a $2 billion cash injection from Microsoft and Softbank, potentially valuing the company at $8 billion.
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.
- Current investors include SoftBank, Nvidia, Microsoft, Ilya Sutskever (OpenAI co-founder), and Yann LeCun (Meta’s Chief AI Scientist).
- SoftBank led a $1 billion round last year, with Nvidia adding $500 million in September.
Wayve’s AI-powered software is designed to make any car hands-free.
Author's summary: Wayve receives $2bn investment from Microsoft and Softbank.