🏆 Deal of the Year · 2024
Wayve raised USD 1.1 billion in a Series C round; the post-money valuation remains undisclosed. The round was backed by SoftBank, Microsoft, and NVIDIA. This deal was recognised as Deal of the Year 2024.
Wayve — key deal facts
| Company | Wayve |
| Founded | 2017 |
| Headquarters | London, United Kingdom |
| Amount raised | USD 1.1B |
| Valuation | Valuation Remains Undisclosed |
| Round | Series C |
| Investors | SoftBank, Microsoft, NVIDIA |
| Sectors | Autonomous Vehicles |
Who invested in Wayve?
The round was co-led by SoftBank, Microsoft, and NVIDIA. The investor mix is strategically notable: SoftBank brings deep mobility and autonomy capital, Microsoft contributes cloud and AI infrastructure, and NVIDIA adds semiconductor and AI compute expertise directly relevant to Wayve's technology stack. Together, they represent a rare convergence of hardware, software, and capital at the frontier of autonomous driving.
What does Wayve do?
Wayve Technologies Ltd is a British autonomous driving company founded in August 2017 by Amar Shah and Alex Kendall, with Alex Kendall serving as CEO. Headquartered in London, United Kingdom, Wayve develops end-to-end deep learning systems for self-driving vehicles. Its flagship product, the Wayve AI Driver, is a mapless, vehicle-agnostic SaaS platform that enables multiple levels of driving automation using camera data and machine learning rather than pre-built 3D maps or hand-coded rules. The approach is designed to generalise across vehicle types and geographies without requiring bespoke infrastructure per market.
Wayve valuation & multiples
No existing multiples analysis was provided for this deal. Because Wayve's post-money valuation remains undisclosed, EV/Sales and EV/EBITDA multiples cannot be calculated at this time. For sector-level benchmarks applicable to autonomous vehicle and AI software companies, visit the Venionaire DealMatrix Autonomous Vehicles sector multiples pages.
Frequently asked questions
How much did Wayve raise in its Series C?
Wayve raised USD 1.1 billion in its Series C round.
What is Wayve's valuation?
Wayve's post-money valuation following its Series C remains undisclosed.
Who invested in Wayve?
Wayve's Series C was backed by SoftBank, Microsoft, and NVIDIA.
When was Wayve founded and where is it based?
Wayve was founded in August 2017 and is headquartered in London, United Kingdom.
Source: original announcement — read the full report.