Funding Details
- Awarder
- RSS - techcrunch.com
- Date Award
- June 18, 2024
- Vertical
- Autonomous Vehicles
- Funding URL
- View Funding Page
- Valuation
-
$283,500,000
Company Info
- Founding Year
- 2021
- Traction
- Waabi has launched commercial pilots in Texas through a partnership with Uber Freight and aims for a fully driverless launch in 2025. Their technology has demonstrated scalability and adaptability beyond trucking applications, showcasing the potential for diverse autonomous use cases.
- Organizations Involved
- Uber, Khosla Ventures, Nvidia, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest, Ingka Investments
- Founders
- Raquel Urtasun
- Company Description
- Waabi, founded by Raquel Urtasun, specializes in developing AI systems for autonomous vehicles, starting with long-haul trucks. Their technology focuses on an 'AI-first approach' to accelerate the deployment of autonomous vehicles by leveraging reasoning capabilities similar to human cognition. Waabi's innovative approach involves training, testing, and validating their systems using a closed-loop simulator called Waabi World, enabling them to achieve commercial pilots and plan for fully driverless launches.
- Market
- Transportation
- Location
-
Austin,
Texas,
US
- Coinvestors
- Uber, Khosla Ventures, Nvidia, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest, Ingka Investments
Links