Close Menu
  • News
  • Home
  • In Profile
  • Finance
  • Legal
  • Technology
  • Events
  • Features
  • Wellbeing & Mental Health
  • Marketing
  • HR & Recruitment
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
X (Twitter) LinkedIn YouTube
Trending
  • Daemon launches new AI-First Squad
  • Behind the Brand Collapses: Where it all went wrong
  • Are You Part Of The ‘Flex’ Crowd?
  • How Group Protection Can Help Employers Mitigate Rising NICs Costs
  • How to build a workplace community that supports mental health
  • Care worker recruitment from abroad to end – what does this mean for the care sector?
  • Cybersecurity simplified: Practical security solutions for your SME
  • Let’s Talk – Business In Profile, Paul Day, Filestream.
X (Twitter) LinkedIn YouTube
SME Today
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
  • News
  • Home
  • In Profile
  • Finance
  • Legal
  • Technology
  • Events
  • Features
  • Wellbeing
  • Marketing
  • HR & Recruitment
SME Today
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
  • Twitter
  • LinkedIn
  • YouTube
  • RSS
You are at:Home»News»Autonomous vehicle startup Wayve raises $200m
Wayve driving in London

Autonomous vehicle startup Wayve raises $200m

0
Posted By sme-admin on January 20, 2022 News, Technology

New investment from prominent global financial investors and strategic partners enhances Wayve’s ability to scale and deploy next-generation autonomous technology globally

Wayve, a London-based start-up reimagining autonomous mobility through embodied intelligence, announced today its $200 million Series B backed by a prominent group of global financial and strategic investors. This latest round of funding brings total equity raised to over $258 million since inception and reinforces Wayve’s position as a leader in autonomous driving, pioneering an artificial intelligence (AI) led approach to autonomous vehicles (AVs) on a global scale. 

Gerard Grech Tech Nation Founding CEO Gerard Grech Tech Nation’s founding CEO commented “The news today that Wayve is likely the UK’s first tech unicorn of the year starts 2022 with a bang. Along with our first Global Talent Visa endorsement of the year and first tech IPO of the year (Facilities by ADF), it signals that this will more than likely be another stellar year for UK tech following the record heights of 2021.

Wayve has been developing its AI-driven autonomous mobility technology for the past four years, including on-road testing in multiple cities in the UK. This pilot program will allow Wayve to collaborate closely with a last-mile delivery customer on fleet learning technology that will help large-scale operators enhance fleet safety.

Gerard continued “The self-driving car start up follows in the footsteps of 29 companies that reached a valuation of more than $1bn last year, bringing the total number of unicorns to well over 100. But unlike the first 100 tech unicorns – whose value has come from mobile, social, and location – the next 100 tech unicorns will comprise of companies like Wayve that use cutting-edge technologies such as artificial intelligence, robotics, blockchain, and quantum computing. 

“We need to find new ways to encourage more of these breakthrough companies to scale and stay here in the UK. Building unicorns in the UK means jobs, national modernisation, and money in the UK economy. I look forward to an exciting year ahead; but we must keep up the effort and pace of last.”

Tech Nation is the leading network for ambitious tech entrepreneurs. With years of experience facilitating and helping UK tech companies scale, both at home and abroad. Over 20 cohorts and 600 companies have successfully graduated from Tech Nation’s growth programmes. Alumni include Skyscanner, Darktrace, and Monzo.

 

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Daemon launches new AI-First Squad

Care worker recruitment from abroad to end – what does this mean for the care sector?

Cybersecurity simplified: Practical security solutions for your SME

Comments are closed.

Follow SME Today on Linkedin and share all the topics you find interesting
Invest in your pension

The Newsletter

Join our mailing list for the best SME stories, handpicked and delivered direct to your inbox every two weeks!

Sign Up
Events Calendar
    • Marketing
    May 19, 2025

    How SMEs can create effective marketing and advertising creative on a budget

    May 6, 2025

    Why WordPress Remains One of the Best Website Platforms for Entrepreneurs

    • Finance
    May 22, 2025

    How Group Protection Can Help Employers Mitigate Rising NICs Costs

    May 19, 2025

    Why Fraud Prevention is No Longer Just a Finance Function

    • Health & Safety
    January 29, 2025

    UK takeaways guilty of shocking hygiene failures:

    December 18, 2024

    Comment on Covid Corruption Commissioner Investigation

    • Events
    November 19, 2024

    Seventeenth Global Entrepreneurship Week (GEW)

    October 22, 2024

    Winners Announced for Sheffield Business Awards 2024

    • Community
    May 14, 2025

    Social care experts launch an online marketplace to disrupt a sector in crisis.

    May 1, 2025

    A Marathon Effort: Managing Director Raises Over £4,000 for Charity

    • Food & Drink
    April 16, 2025

    Cutting Down on Business Costs in Your Cafe

    April 15, 2025

    Allergy Awareness Advocate Julianne Ponan MBE To Address Gousto   

    • Books
    April 24, 2025

    Values-Driven Professionalism: A Path to Client Loyalty

    December 2, 2024

    Banish the banshee boss: how to lead without fear – addressing the issue of fear-based management and how NOT to be this manager

    About

    SME Today is published by the same team who deliver The Great British Expos’. We have been organising various corporate events for the last 10 years, with a strong track record of producing well managed and attended business events across the UK.

    Join Our Mailing List

    Receive the latest news and updates from SMEToday.
    Read our Latest Newsletter:


    Sign Up
    X (Twitter) YouTube LinkedIn
    Most Recent Posts
    May 23, 2025

    Daemon launches new AI-First Squad

    May 23, 2025

    Behind the Brand Collapses: Where it all went wrong

    May 23, 2025

    Are You Part Of The ‘Flex’ Crowd?

    May 22, 2025

    How Group Protection Can Help Employers Mitigate Rising NICs Costs

    May 22, 2025

    How to build a workplace community that supports mental health

    Categories
    • Books
    • Community & Charity
    • Education and Training
    • Environment
    • Events
    • Features
    • Finance
    • Food and Drink
    • Health & Safety
    • HR & Recruitment
    • In Profile
    • Legal
    • Marketing
    • News
    • Property & Development
    • Sponsored Content
    • Technology
    • Transport & Tourism
    • Wellbeing & Mental Health

    Copyright © 2020 SME Today.

    • ABOUT SME TODAY: THE GO TO RESOURCE FOR UK BUSINESSES
    • Privacy
    • Contact
    Copyright © 2025 SME Today.
    • ABOUT SME TODAY: THE GO TO RESOURCE FOR UK BUSINESSES
    • Privacy
    • Contact

    Type above and press Enter to search. Press Esc to cancel.