Autonomous vehicle technology is rapidly developing and many sectors are recognising its value. However, whilst the self-driving industry has made significant advancements there is much more that can be done. There are challenges in this space surrounding scale and developing commercially viable self-driving technology.
Waabi hopes to tackle these challenges and be the leader in self-driving technology with their "AI first approach". The company said that combined with a closed-loop simulator, this approach will allow both common driving scenarios and safety-critical edge cases to be tested at scale - solving one of the key issues in the industry.
Waabi successfully raised one of the largest Series A rounds ever raised in Canada, and has gone on to raise fresh Volvo and Uber-led funding in early 2024. While the company's focus is currently on autonomous long-haul trucking (launching its first generation of trucks in November 2022), the company is well set to lead the next generation of self-driving technology.
Kirsty
Company Specialist at Welcome to the Jungle