British autonomous driving technology group Wayve is in talks with Microsoft and SoftBank to raise up to $2 billion in funding, which could value the firm at about $8 billion, the Financial Times reported on Monday, citing sources.
This comes after Nvidia had signed a letter of intent in September for a potential $500 million investment in London-based Wayve, as investors globally pour billions into fast-growing AI start-ups.
Wayve currently operates in Britain and the U.S. and has been expanding its testing and development operations to markets, including Germany and Japan .
Founded in 2017, Wayve raised over $1 billion last year, led by SoftBank and supported by Nvidia. Ride-hailing platform Uber also made an undisclosed investment in the firm in 2024.
Source: Reuters
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