SoftBank leads $1bn funding for UK artificial intelligence group Wayve

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Japanese conglomerate SoftBank is leading an investment of more than $1bn into UK self-driving car start-up Wayve, marking Europe’s largest artificial intelligence deal to date.

The funding round, which also includes Nvidia and existing investor Microsoft, will allow the London-based company to deploy its autonomous systems in cars in the coming years.

Wayve’s new financing is the largest for a European AI start-up, after France-based Mistral raised $415mn in December and Germany’s Aleph Alpha raised $500mn in November.

The deal

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Wherever smart people today get the job done, doors are unlocked.”

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