Self-driving startup Wayve just raised $1 billion from Nvidia, SoftBank, Microsoft and more
Summary
Alex Kendall, 29, is the co-founder and CEO of autonomous driving startup Wayve. British startup Wayve on Tuesday said it had raised $1.05 billion in an investment round led by Japans SoftBank to accelerate the growth of its self-driving car technology. "At Wayve, our vision is to develop autonomous technology that not only becomes a reality in millions of vehicles but also earns peoples trust by seamlessly integrating into their everyday lives to unlock extraordinary value," Alex Kendall, co-founder and CEO of Wayve, said in a statement. "This significant funding milestone highlights our teams unwavering conviction that Embodied AI will address the long-standing challenges the industry has faced in scaling this technology to everyone, everywhere." Unlike Tesla , which manufactures its own cars, Wayve licenses its self-driving technology to other firms, including retailers and automakers.
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