Tech Company Financing Transactions
Waabi Funding Round
Khosla Ventures, Uber and BDC Capital invested in a $200 million Series B capital raise for Waabi. The funding round closed on 6/18/2024.
Transaction Overview
Company Name
Announced On
6/18/2024
Transaction Type
Venture Equity
Amount
$200,000,000
Round
Series B
Investors
Proceeds Purpose
The new funding will support the company's deployment of fully driverless, generative AI-powered autonomous trucks in 2025.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
476 Markham Street
Toronto, Ontario, M6G 2L3
CA
Toronto, Ontario, M6G 2L3
CA
Phone
Undisclosed
Website
Email Address
Overview
Waabi, founded by AI pioneer and visionary Raquel Urtasun, is an AI company building the next generation of self-driving technology. With a world class team and an innovative approach that unleashes the power of AI to "drive" safely in the real world, Waabi is bringing the promise of self-driving closer to commercialization than ever before. Waabi is backed by best-in-class investors across the technology, logistics and the Canadian innovation ecosystem, including Khosla Ventures, Uber, 8VC, Radical Ventures, OMERS Ventures and BDC Capital's Women in Technology Venture Fund.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Raquel Urtasun
Co-Founder
Vivian Sun
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