London-based autonomous driving startup Wayve has added $60 million to its Series D round from Advanced Micro Devices, Arm and Qualcomm Ventures, extending the $1.2 billion financing it previously announced.
The new investment brings more chip industry backing to Wayve as the company works to deploy its AI Driver across a wider range of vehicle platforms. Wayve develops end-to-end embodied AI software for autonomous driving, designed to support point-to-point navigation across different environments and vehicles without relying on high-definition maps.
According to the company, the funding will be used to support integration across automotive compute platforms and the continued deployment of its driver software in production systems for ADAS and automated driving. Wayve said the goal is to accelerate global deployment in both automotive and robotaxi applications.
Founded by Alex Kendall, Wayve is part of a growing group of companies aiming to bring mapless, AI-first driving systems into commercial vehicles at a time when automakers are looking for more flexible software and hardware stacks.
The new investment brings more chip industry backing to Wayve as the company works to deploy its AI Driver across a wider range of vehicle platforms. Wayve develops end-to-end embodied AI software for autonomous driving, designed to support point-to-point navigation across different environments and vehicles without relying on high-definition maps.
According to the company, the funding will be used to support integration across automotive compute platforms and the continued deployment of its driver software in production systems for ADAS and automated driving. Wayve said the goal is to accelerate global deployment in both automotive and robotaxi applications.
Founded by Alex Kendall, Wayve is part of a growing group of companies aiming to bring mapless, AI-first driving systems into commercial vehicles at a time when automakers are looking for more flexible software and hardware stacks.