Waabi raised $200 million in its latest funding round from backers including the investment arms of Nvidia, Volvo Group, Porsche, Uber and VC company Khosla Ventures, cash set to support the rollout of autonomous trucks sporting its AI technology.
The funding round was led by Uber and Khosla Ventures and brings the total raised by the start-up to $280 million. This includes cash from strategic investors operating in the shipping and logistics industries.
Waabi plans to deploy driverless trucks in the US state of Texas in 2025 before expanding to other geographies. It claims its breakthroughs can transform supply chains.
Waabi claims to be “pioneering generative AI for the physical world” and asserts it is on the “verge” of achieving Level 4 autonomous driving, which offers high levels of self-driving capabilities.
The company’s platform is promoted as being capable of human-like reasoning which allows it to “generalise to any situation that might happen on the road, including those it has never seen before”.
“Because it is able to reason, the system requires significantly less training data and compute resources compared to other end-to-end approaches,” the company added, noting it also used the “world’s most advanced simulator” to cut the need for extensive on-road testing while enabling safe operation.
Waabi founder and CEO Raquel Urtasun said with the additional investment “we have everything we need, breakthrough technology, an incredible team, and pioneering partners and investors, to launch fully driverless autonomous trucks in 2025. This is monumental for the industry and truly marks the beginning of the next frontier for AI.”
The post Start-up targets driverless truck launch in 2025 appeared first on Mobile World Live.
Commercials Cooperation Advertisements:
(1) IT Teacher IT Freelance
立刻註冊及報名電腦補習課程吧!
电子计算机 -教育 -IT 電腦班” ( IT電腦補習 ) 提供一個方便的电子计算机 教育平台, 為大家配對信息技术, 電腦 老師, IT freelance 和 programming expert. 讓大家方便地就能找到合適的電腦補習, 電腦班, 家教, 私人老師.
We are a education and information platform which you can find a IT private tutorial teacher or freelance.
Also we provide different information about information technology, Computer, programming, mobile, Android, apple, game, movie, anime, animation…
(2) ITSec
www.ITSeceu.uk
Secure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers.
ITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training.
Contact us right away.
Email (Prefer using email to contact us):
SalesExecutive@ITSec.vip