On June 18, 2024, Waabi announced it has raised US$200 million in an oversubscribed Series B Financing round. This round was led by Uber and Khosla Ventures and saw participation from NVIDIA, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest and Ingka Investments. The round also saw participation from HarbourVest Partners, G2 Venture Partners, BDC Capital’s Thrive Venture Fund, Export Development Canada, Radical Ventures, Incharge Capital.
The financing will support the company’s deployment of fully driverless, generative AI-powered autonomous trucks in 2025.
Waabi, founded by Raquel Urtasun, is an AI company specializing in self-driving technology focused on its AI-first approach which uses deep learning, probabilistic interference and complex optimization to create software capable of complex reasoning.
Osler, Hoskin & Harcourt LLP advised Waabi with a team consisting of Chad Bayne, Justin Dharamdial, Mihnea Porime and Madison Kerr (Emerging and High Growth Companies).
Key Contact
Partner, Emerging and High Growth Companies, Toronto
Team
Partner, Emerging and High Growth Companies, Toronto
Associate, Emerging and High Growth Companies, Toronto
Associate, Emerging and High Growth Companies, Toronto
