🏆 Deal of the Month · May 2024
Wayve raised USD 1.1 billion in a Series C round announced in May 2024; the company's valuation was not disclosed. The round was led by SoftBank, with co-investment from Microsoft and NVIDIA.
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 Series C was backed by SoftBank, Microsoft, and NVIDIA. The investor mix is strategically notable: SoftBank brings deep mobility and robotics capital, Microsoft contributes cloud and enterprise AI infrastructure, and NVIDIA adds GPU and autonomous-systems expertise. Together, the three investors span the full hardware-to-cloud stack that underpins Wayve's AI-driven autonomous vehicle platform.
What does Wayve do?
Wayve Technologies Ltd is a British autonomous driving company founded in August 2017 by Amar Shah and Alex Kendall, two machine learning PhD graduates from the University of Cambridge. The company is headquartered in London, United Kingdom, and is led today by CEO Alex Kendall. Its core product is the Wayve AI Driver, a mapless, vehicle-agnostic software platform built on end-to-end deep learning that delivers all levels of driving automation as a SaaS solution for fleet operators and automakers. Wayve describes its approach as 'AV2.0'—a single global AI model designed to operate across more than 500 cities without reliance on detailed 3D maps or hand-coded rules.
Wayve valuation & multiples
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, announced in May 2024.
What is Wayve's valuation?
Wayve's valuation was not disclosed in connection with its Series C financing.
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.