Uber Pumps Capital Into Nvidia-Backed Wayve's Series C Funding Round

Quick Summary:

With Uber’s financial support, Wayve aims to expedite its collaboration with global Original Equipment Manufacturers (OEMs) to equip consumer vehicles with Level 2+ advanced driver assistance and Level 3 automated driving capabilities.

In a recent strategic move, Uber (NYSE:UBER) has announced a partnership with Wayve, a U.K.-based startup Embodied AI for autonomous driving.

What Happened: As per a press release on Thursday, Wayve and Uber have teamed up to accelerate the development of self-driving technology.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: Technology

Markets: United States

Topics: General UBER Autonomous vehicle Stories That Matter US67066G1040 EVs Benzinga Tech Series C funding NVDA Pooja Rajkumari News Mobility

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 13:17:02 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 310 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22297201

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 3 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 14 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions