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5h ago

Wayve in Talks With Microsoft and SoftBank on Up to $2 Billion Raise

The prospective round would support its shift toward real-world deployment of its learning-based self-driving software.

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A Wayve robotaxi being driven in London

Overview

  • The London-based autonomous driving startup is in early discussions to secure as much as $2 billion, with reporting indicating a potential $8 billion valuation if a deal is reached.
  • Wayve declined to comment on the talks, which were reported by The Times citing the Financial Times on the valuation.
  • The company previously raised $1 billion in 2024 led by SoftBank with Microsoft and Nvidia participating, and Nvidia added a further $500 million in September.
  • Wayve trains vehicles using video and real-world data from partners such as Asda and Ocado rather than relying on rule-based systems or heavy mapping.
  • Commercial plans include integrating its software into Nissan vehicles by 2027 and starting trials on Uber’s UK network next spring, as the company scales to about 800 staff across six countries.