Chip giants AMD, Qualcomm and Arm back driverless car startup Wayve with fresh funds
Wayve secures $60 million from semiconductor giants.
Wayve, a British autonomous driving startup, has secured $60 million in funding from major semiconductor companies AMD, Qualcomm, and Arm, enhancing its financial backing as it competes with rivals like Waymo. This investment follows a significant $1.2 billion funding round earlier this year, positioning Wayve to further develop its unique technology that allows for autonomous driving without the reliance on high-definition maps.
Key Takeaways
- 1.
Wayve's total funding now stands at $1.26 billion following this investment.
- 2.
The startup has signed a commercial deal with Nissan to integrate its AI technology.
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