Waabi, a company specializing in autonomous driving, has announced that it has raised $1 billion in funding.

Funding Details

The funding is divided into two main parts: $750 million from a Series C round, intended to accelerate the development and deployment of its technology for autonomous trucks. The second part consists of a commitment of approximately $250 million from Uber, aimed at deploying 25,000 robotaxis that will operate exclusively on the Uber platform.

Implications

This investment represents a significant step for Waabi and for the autonomous vehicle industry in general. The partnership with Uber could lead to a faster adoption of robotaxis, potentially transforming the urban transportation landscape. For those evaluating on-premise deployments, there are trade-offs to consider. AI-RADAR offers analytical frameworks on /llm-onpremise to evaluate these trade-offs.