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The Guardian - UK

Business

Julia Kollewe

UK AI startup Wayve wins $1bn funding for self-driving car software

Wayve United Kingdom SoftBank Japan

Wayve’s Ford Mustang MachE — Wayve’s technology is integrated into six different vehicle platforms including the Ford Mustang MachE. Photograph: Wayve

The UK self-driving car technology startup Wayve has secured more than $1bn (£800m) of investment to develop the next generation of artificial intelligence-powered vehicles, with the funding round led by Japan’s SoftBank.

The $1.05bn investment is backed by the Japanese conglomerate along with the California chipmaker Nvidia and Microsoft, and is the biggest investment to date in a European AI startup.

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