British Autonomous Driving Start-Up Hits $8.6 Billion Valuation
Market Intelligence Analysis
AI-PoweredWayve, a British autonomous driving start-up, has raised $1.2 billion, increasing its valuation to $8.6 billion, marking one of the largest capital raises for a UK AI startup.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
British self-driving car company Wayve has raised $1.2bn (£950m), ticking its valuation up to $8.6bn and marking one of the largest capital raises for a UK AI startup. The funding round was led by Eclipse, Balderton and Softbank Vision Fund 2, with new backing from investors like Ontario Teachers’ Pension Plan, Baillie Gifford, the British Business Bank and Schroders Capital. Tech giants Microsoft, Nvidia and Uber also participated, alongside carmakers Mercedes-Benz, Nissan and Stellantis. Uber has separately contributed additional…
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