NVDA - Nvidia Uber Volvo Invests $200M In This Autonomous Trucking Startup | Benzinga
In a major boost to the autonomous vehicle industry, Waabi, an autonomous trucking startup, has raised $200 million in a Series B funding round. The round saw significant investments from tech giant Nvidia (NASDAQ:NVDA), ride-hailing service provider Uber (NYSE:UBER), and automobile manufacturer Volvo (OTC:VOLVY).
What Happened: The announcement was made on Tuesday by the Toronto-based company, which is at the forefront of using generative AI in the physical world. The funding round was led by Uber and Khosla Ventures, and saw participation from strategic investors including Nvidia, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest, and Ingka Investments. This funding has increased Waabi’s total investment to over $280 million.
The funds will be used to support Waabi’s ambition of launching ...