🏆 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.
Explore the benchmarks: Series C.
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.