Raquel Urtasun’s self-driving startup Waabi brings on Volvo as strategic investor: Reports
Published: January 20, 2023
University of Toronto researcher Raquel Urtasun’s self-driving startup Waabi .
Volvo Group Venture Capital AB is investing an undisclosed amount in Toronto-based Waabi’s AI-powered autonomous trucking technology, according to .
“We’ve been extremely selective in terms of who we bring on board as an investor and this is the right time for Waabi to bring on a strategic OEM [original equipment manufacturer],” Urtasun, a U of T professor of computer science and Waabi’s founder and CEO, tells the high-profile U.S. tech website.
Waabi has already raised more than $100 million from investors including Khosla Ventures, Uber and other Silicon Valley giants. Also among its backers are AI luminaries Geoffrey Hinton, a U of T Emeritus of computer science, and Sanja Fidler, an associate professor of computer science.
Urtasun tells the that Volvo’s investment “significantly” increases Waabi’s valuation.
Topics
