Wayve, a UK-based self-driving car technology startup, secured a massive £861 million ($1.1 billion) Series C funding round in Q2 2024. This round stands out as one of the largest in the UK tech sector for the quarter, highlighting the continued investor interest in autonomous vehicle technology.

Wayve is pioneering an AI-first approach to autonomous driving, using machine learning to develop systems that can adapt to new environments without relying on HD maps or expensive sensor suites. The company aims to create more flexible and scalable self-driving technology that can be deployed across various vehicle types and locations.

Additional reading: Tech Funding News https://techfundingnews.com/wayve-lands-1b-from-softbank-microsoft-nvidia-to-build-ai-for-self-driving-cars/