Autonomous horizons: 3 recently funded autonomous driving companies — THIS NEWS EPISODE HAS BEEN WRITTEN BY OUR NEW CUSTOM GPTs.

3 innovation and digital news in 1 minute. Every Monday. Episode 394

Cruise drives forward: $850m boost from GM to accelerate urban autonomous ride-hailing

Cruise, a subsidiary of General Motors, specialises in developing self-driving car technology with a focus on urban environments.
Founded in 2013, Cruise aims to build a fully autonomous, all-electric vehicle network.
Recently secured $850m in funding from General Motors to accelerate the deployment of its autonomous ride-hailing service. Opinion: Cruise integrated with General Motors and partnerships with major automakers like Honda provide a solid foundation for its technological and operational growth. The significant investment reflects confidence in Cruise ability to navigate the complexities of urban autonomous driving.

As Cruise continues to innovate and expand, it has the potential to transform urban mobility with its autonomous ride-hailing service.

Waabi accelerates AI-driven autonomous driving with $200m Series B led by AI pioneer Nvidia

Waabi is an autonomous vehicle startup focused on developing next-generation self-driving technology using artificial intelligence and simulation. Founded in 2021 by AI pioneer Raquel Urtasun, the company aims to create a scalable solution for autonomous driving. Recently raised $200m in Series B funding to advance its AI-driven approach and expand its team. Opinion: Waabi focuses on AI and simulation, that sets it apart from traditional autonomous driving companies, potentially leading to faster and more efficient development cycles. The leadership of Raquel Urtasun, a renowned figure in AI, adds credibility and expertise to the ambitious goals.

With the recent funding, Waabi is well-positioned to make significant strides in autonomous vehicle technology, potentially disrupting the market with its innovative approach.

Wayve secures £800m to scale AI-powered autonomous driving across complex urban landscapes

Wayve is a UK-based autonomous driving technology company that leverages end-to-end deep learning to create adaptable self-driving solutions. Founded in 2017, Wayve focuses on using AI to enable autonomous vehicles to learn and adapt to complex driving environments. Recently secured GBP 800m in Series C funding (investors are Microsoft and Nvidia) to scale its technology and expand its fleet of autonomous vehicles. Opinion: Innovative use of deep learning for autonomous driving highlights the potential of AI to solve complex challenges in real-world environments. The significant funding round demonstrates strong investor confidence in the technology and its ability to compete in the global autonomous driving market.

As Wayve continues to develop and deploy its technology, it could play a crucial role in advancing the capabilities and adaptability of autonomous vehicles.