London-based Wayve, a company that uses end-to-end deep learning to develop artificial intelligence capable of complex driving, announced on Tuesday that it has raised $200M (approx €176.39M) in its Series B round of funding.
With this development, the company has raised a total funding of $258M. The raised capital will help Wayve to scale and deploy its next-generation autonomous technology globally.
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Investors in this round
The round was led by Eclipse Ventures, a long-time supporter of Wayve. The investment also saw participation from new investors D1 Capital Partners, Baillie Gifford, Moore Strategic Ventures, and Linse Capital as well as additional support from Microsoft and Virgin, and early-stage investors Compound and Balderton Capital.
Wayve is using Azure, Microsoft’s cloud computing platform, to…
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