autonomous trucking
Waabi Raises $200M to Launch Self-Driving Trucks by 2025
Adriana Pulley · June 19, 2024 · 1 min read
Waabi, the AI company pioneering self-driving truck tech, just landed a whopping $200M Series B round led by Uber and Khosla Ventures. They've got ambitious plans to get autonomous semi-trucks hauling loads with nobody behind the wheel by next year.
The Key Stats:
$200M raised in oversubscribed Series B.
$280M+ total funding raised to date.
Plan to launch fully driverless Level 4 autonomous trucks in 2025.
It's only 3 years old, but it's already making major leaps in making autonomous trucks an everyday reality.
The Secret Sauce: Generative AI
Waabi has built a powerful AI that can "reason" like humans.
Their AI driver generalizes to any situation, not just what's in training data.
Requires way less data and compute resources than other approaches.
Paired with a hyper-realistic closed-loop simulator called "Waabi World."
Investors Galore
Strategic investors include NVIDIA, Volvo, Porsche, Scania.
Logistics giants like Uber see huge potential.
Top Canadian investors like BDC and EDC are all-in.
The Visionary Behind It All
"We have everything we need — breakthrough tech, an incredible team, and pioneering partners — to launch fully driverless trucks in 2025." - Raquel Urtasun, Waabi CEO
Looking Ahead
Self-driving trucks are just the start. Waabi's generative AI could ultimately power all sorts of autonomous robots and vehicles. We may be on the cusp of finally cracking safe, scalable autonomy in the real world. This fundraising haul gives them runway to make it happen.
Sources: Waabi Founder's Note | Waabi Series B
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