The London-based company has pulled in $2.8 billion from a roster of investors and strategic partners that includes big names across the technology and automotive sectors, from Nvidia to Mercedes-Benz and Nissan. In June, Wayve said it will deploy its system in robotaxis from Jeep maker Stellantis, to go on Uber's ride-hailing network.
Wayve uses an artificial-intelligence technology called end-to-end machine learning to navigate roadways, which is supposed to instantly translate sensor-generated data into driving decisions, much like a human driver. That differs from a more traditional approach, which melds AI with software coding and high-definition maps to create preset rules for how the car should respond in different scenarios, including unforeseen events.
