Fundraising Fox

Wayve

Unicorn Β· $8.6B

London, GB Β· Founded 2017 Β· 997 employees on LinkedIn Β· 36 known investors

Wayve develops embodied AI technology to enable autonomous vehicle systems for assisted and automated driving.

Also known as Wayve Technologies Ltd

Founders & leadership

Wayve was founded in 2017 by Alex Kendall and Amar Shah.

AKAlex Kendall
Alex KendallinCo-Founder & CEOAlex Kendall co-founded Wayve in 2017 out of his Cambridge machine-learning PhD and became CEO in 2020, arguing that a self-driving car should learn to drive end-to-end rather than follow hand-written rules. He raised a $1.05bn Series C led by SoftBank in 2024 and a $1.2bn Series D at an $8.6bn valuation in 2026, with NVIDIA, Microsoft, Uber, Mercedes-Benz, Nissan and Stellantis on the cap table. He is a New Zealander and a former Bill Gates Scholar.
AS
Amar ShahinCo-Founder and CEO2017–2020Amar Shah co-founded Wayve in 2017 with fellow Cambridge machine-learning PhD student Alex Kendall and served as its first CEO. He left the company in 2020, when Kendall took over as chief executive.

Investors Β· 36

Also in the syndicate Β· 12

AMDBaldertonleadMercedes-BenzMicrosoftMoore Strategic VenturesNissanOcado GroupRichard BransonSchroders CapitalStellantisVirgin GroupYann LeCun

Funding

SEC filings, press & company announcements

$2.3B disclosed across 3 of 6 rounds Β· 2019–2026

Source: company announcements and press reports β€” follow each round's link for the claim.

Valuation Β· disclosed

Disclosed events
$8.6Bvaluation at Series DFeb 2026
filing β†—

Source: SEC prospectus filings, and round valuations the company or its investors disclosed β€” follow each entry's link for the claim.

Company profile

researched Aug 2026

Wayve Technologies Ltd is a British autonomous driving technology company developing end-to-end deep learning software for self-driving vehicles. Its core product, the Wayve AI Driver, is a mapless, sensor- and vehicle-agnostic software layer intended to support the full range of driving automation, from L2+ "hands-off" assisted driving through L3/L4 "eyes-off" automated driving. Rather than the modular "sense-plan-act" pipeline the company labels AV1.0, Wayve trains a single neural network on diverse driving data to convert raw sensor inputs into driving outputs, an approach it calls AV2.0. The system runs on onboard vehicle compute and embedded sensors and does not require high-definition maps or location-specific engineering.

The company describes a fleet-learning loop of recording data, training models, evaluating performance and deploying updated models over the air, supported by cloud training infrastructure. Alongside the driving model, Wayve has published research on LINGO, a language model used to explain driving actions and improve interpretability; GAIA, a generative world model that produces driving video from text, action and video prompts for training and validation; neural rendering for photorealistic simulation; and Scenario Intelligence tools for dataset introspection. Wayve and Microsoft collaborate on supercomputing infrastructure for training the foundation models.

Wayve is headquartered in London with additional offices in Sunnyvale, California; Vancouver, Canada; Leonberg, Germany; Yokohama, Japan; and Herzliya, Israel. Wikipedia lists roughly 1,000 employees as of 2026.

Founding story

Founded on 21 August 2017 in Cambridge, England by Amar Shah and Alex Kendall, two machine learning PhD students at the University of Cambridge, who set out to build a self-driving system using machine learning at every layer of the driving task rather than detailed 3D maps and hand-coded rules. Early backers included Compound, Firstminute Capital, Cambridge angel investors, academic Pieter Abbeel and Uber chief scientist Zoubin Ghahramani.

Business model

Wayve licenses its AI Driver software directly to automakers, providing tools to customize driving models for specific vehicles and brands, and partners with mobility platforms rather than vertically integrating vehicle manufacturing or fleet operations. In the Uber robotaxi partnership, Wayve supplies the AI Driver for L4-capable vehicles from participating automakers while Uber owns and operates the fleet. The company states this partnership model allows autonomy to scale with lower capital intensity.

Software licensing to automakers for integration into production vehicles, plus commercial deployment agreements with mobility platforms; the company also provides customization tools and over-the-air model updates to partners.

Traction

Wayve reports driving zero-shot in more than 500 cities across Europe, North America and Japan in a single year without city-specific fine-tuning, with 90 cities completed by mid-2025 under the AI-500 Roadshow. Its foundation model is trained on data spanning over 70 countries and multiple vehicle platforms. Commercial commitments include Nissan ProPILOT integration, the Stellantis STLA AutoDrive platform, Qualcomm Snapdragon Ride, and Uber robotaxi deployments planned for more than 10 markets. Wikipedia reports about 1,000 employees in 2026.

Latest developments

On 25 February 2026 Wayve announced a $1.2 billion Series D at an $8.6 billion post-money valuation, part of $1.5 billion of capital secured including milestone-based investment from Uber. The company said it will launch commercial robotaxi trials in 2026, beginning in London with Uber, and deploy supervised autonomy software in consumer vehicles from 2027. Nissan, Uber and Wayve announced a robotaxi collaboration in February 2026 targeting a Tokyo pilot by late 2026, and in May 2026 Stellantis stated its intention to use Wayve technology across its brands from 2028.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history

Market position

Wayve describes itself as the leader in embodied AI for autonomous driving and states it was the first company to develop and test an end-to-end deep learning autonomous driving system on public roads, an approach it labels AV2.0. It says it is the first and only AV developer to drive zero-shot in more than 500 cities across Europe, North America and Japan within a single year. Its 2024 Series C was reported as the largest funding round for a UK AI company.

Mapless, hardware- and vehicle-agnostic software trained end-to-end on diverse real-world data, which the company says generalizes to unseen cities without region-specific retraining and addresses long-tail scenarios. Wayve licenses to automakers and mobility platforms instead of operating its own vertically integrated robotaxi fleet.

Technology

Wayve builds AI foundation models for driving that it characterizes as a 'robot brain' learning from real-world interaction. The AV2.0 architecture replaces modular pipelines with a single end-to-end neural network trained on raw, largely unlabeled data via self-supervised learning, removing the need for HD maps and labeled datasets and allowing a lean, flexible sensor suite that works across vehicle types. Supporting technologies include LINGO for natural-language explanation of driving decisions, GAIA generative world models for synthetic driving video and edge-case generation, neural rendering for photorealistic 4D simulation, Scenario Intelligence for model introspection, MLOps workflows for model development, and cloud/supercomputing infrastructure developed with Microsoft on Azure.

Go-to-market

Wayve sells through partnerships with OEMs and fleet operators rather than direct consumer channels, positioning its software as an integration layer for existing vehicle programs. Announced partners include Nissan (next-generation ProPILOT), Qualcomm (Snapdragon Ride platform), Stellantis (STLA AutoDrive platform) and Uber (robotaxi services). The AI-500 Roadshow, a plan to demonstrate a single foundation model in 500 cities by the end of 2025, serves as a public demonstration of cross-market generalization.

Automotive OEMs, fleet owners and mobility/ride-hailing platforms seeking to move from L2+ driver assistance to L3 and L4 automated driving across passenger cars and delivery vans.

Geography

Headquarters in London, United Kingdom, with offices in Sunnyvale, California (US); Vancouver, British Columbia (Canada); Leonberg, Germany; Yokohama, Japan; and Herzliya, Israel. Wayve opened its first Asian research hub in Japan in April 2025. Testing and demonstration driving has covered Europe, North America and Japan, and the foundation model is trained on data spanning more than 70 countries.

History

Wayve was founded in Cambridge, England on 21 August 2017 by Amar Shah and Alex Kendall, then machine learning PhD students at the University of Cambridge; Shah was initially CEO with Kendall as CTO. The company emerged from stealth in May 2018 with about 10 employees and early-stage backing. In 2019 it trained a car to drive autonomously on previously unseen public roads using cameras, a basic GPS map and end-to-end deep learning, moved its base to London and raised a $20 million Series A, funding a pilot fleet of retrofitted Jaguar I-Pace electric vehicles in central London. Shah departed in 2020 and Kendall became CEO; the company joined the Microsoft for Startups: Autonomous Driving program and committed to testing only on electric vehicles. In 2021 it ran a 12-month autonomous delivery trial with Asda and took a Β£10 million investment from Ocado Group. A $200 million Series B in January 2022 supported testing beyond the UK, including the United States and continental Europe by 2023. A Nissan ProPILOT collaboration was announced in 2023, Uber invested strategically in 2024 alongside a $1.05 billion Series C, and a $1.2 billion Series D closed in February 2026 amid partnerships with Mercedes-Benz, Nissan and Stellantis.

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Cities driven zero-shotFeb 2026500 cities
Cities with autonomous driving demos completedJun 202590 cities
Countries represented in training dataFeb 202670
EmployeesJan 20261,000 people
Employees at exit from stealthMay 201810 people
HeadcountAug 2026997
Post-money valuationFeb 2026$8.6B
Total funding raisedJan 2026$2.8B

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Founder mafia

2 people who came through Wayve went on to found or lead other companies.

Competitors Β· 6

by search overlap
Waymo293 shared keywordsWaymo develops autonomous ride-hailing and delivery services using self-driving vehicle technology. The company operates commercial robotaxi services in Phoenix, San Francisco, and Los Angeles, with fleet partnerships for expanded deployment in other cities.
NVIDIA192 shared keywordsNVIDIA designs GPUs, AI computing hardware, and software platforms for AI development, data centers, autonomous vehicles, and robotics, serving developers, researchers, and enterprises. Its offerings include AI models, power architecture for AI factories, and compute infrastructure used across industries such as manufacturing, healthcare, and automotive.
Tesla103 shared keywordsTesla designs and manufactures electric vehicles, battery storage and solar products, and develops autonomous driving software.
Vay Technology89 shared keywordsVay develops remote driving technology that lets a human operator drive a vehicle from a distance without anyone inside, enabling services such as car sharing, fleet logistics, last-mile delivery, and public transport. It operates in the mobility sector with deployments in Europe and the U.S.
Nuro88 shared keywordsNuro develops the Nuro Driver, a Level 4 self-driving system combining automotive-grade hardware and AI software that can be integrated into personally owned vehicles and commercial fleets. Its Universal Autonomy Platform serves automakers and fleet operators seeking to add autonomous driving capabilities.
Amogy86 shared keywordsAmogy develops patented ammonia cracking technology that converts ammonia into electric power for hydrogen fuel cells and engines, targeting decarbonization of heavy industries including transportation and maritime. The company offers modular ammonia-to-power systems and high-efficiency catalysts as alternatives to diesel and hydrogen fuel solutions.

Companies competing with Wayve for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 15

launches, deals, and filings
May 2026
Stellantis to deploy Wayve technology from 2028

Stellantis announced its intention to use Wayve's self-driving technology across its brands starting in 2028.

source β†—

Feb 2026
AMD, Arm and Qualcomm invest $60 million into Wayve

Chipmakers AMD, Arm and Qualcomm invested $60 million into Wayve, per news coverage listed by the company.

$60M source β†—

Feb 2026
Nissan, Uber and Wayve robotaxi collaboration

The three companies announced a collaboration on robotaxi development with the aim of launching a pilot programme in Tokyo by late 2026.

source β†—

Feb 2026
Strategic alliance with Mercedes-Benz and Stellantis

Wayve formed an alliance with Mercedes-Benz and Stellantis covering personal vehicle and robotaxi applications.

source β†—

Jan 2026
Qualcomm collaboration on Snapdragon Ride

Wayve's AI Driver is being integrated as an end-to-end driving intelligence layer on Qualcomm's Snapdragon Ride platform.

source β†—

Apr 2025
Opens first Asian research hub in Japan

Wayve opened a research hub in Japan, with investment by SoftBank, to improve model generalization using local driving data.

source β†—

Jan 2025
AI-500 Roadshow reaches over 500 cities

Wayve conducted driving tests in more than 500 cities across Europe, North America and Japan using a single foundation model without city-specific programming.

source β†—

Jan 2024
Strategic investment and partnership with Uber

Uber made a strategic investment to jointly develop autonomous ride-hailing services, with plans for a driverless robotaxi trial in London.

source β†—

Jan 2023
Nissan ProPILOT collaboration

Wayve announced a collaboration to integrate its AI driving software into Nissan's ProPILOT ADAS, slated to launch in fiscal year 2027.

source β†—

Oct 2021
Ocado Group strategic investment

Online grocer Ocado Group invested Β£10 million (approximately $13.6 million) as a strategic partner for self-driving grocery delivery vans, bringing total funding to about $60 million at the time.

$13.6M source β†—

Jan 2021
12-month autonomous grocery delivery trial with Asda

Wayve launched a year-long autonomous delivery trial with UK supermarket chain Asda.

source β†—

Jan 2020
Amar Shah departs; Alex Kendall becomes CEO

Co-founder Amar Shah left the company and co-founder Alex Kendall took over as CEO.

source β†—

Jan 2020
Joins Microsoft for Startups: Autonomous Driving program

Wayve joined the program to use Microsoft Azure cloud computing for large-scale model training, and committed to testing exclusively on electric vehicles.

source β†—

Jan 2019
Autonomous driving on previously unseen public roads

Wayve trained a car to drive autonomously on public roads it had never seen before using only cameras, a basic GPS map and end-to-end deep learning; the company moved its base to London.

source β†—

May 2018
Wayve emerges from stealth mode

Wayve came out of stealth with early-stage investor backing and roughly 10 employees; advisory investors included Uber chief scientist Zoubin Ghahramani.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities Β· 1

corporate structure
WayveNo. 08713046 Β· dissolved

Companies House Β· registry record

View on Companies House β†—
Insolvency history
Registered name
WAYVE LTD
Company number
08713046
Status
Dissolved
Company type
Private limited company
Incorporated
1 Oct 2013
Dissolved
15 Nov 2018
Registered office
Resolve Partners Limited 22 York Buildings, John Adam Street, London, WC2N 6JU
Nature of business (SIC)
62090 β€” Other information technology service activities
Accounts
last made up to 31 Dec 2016

Current officers

  • Naomi Louise Ducat β€” director, appointed 26 Mar 2015
  • Jamie Evans-Parker β€” director, appointed 1 Oct 2013
  • Mercia Fund Management (nominees) Limited β€” corporate director, appointed 27 Jul 2015

Source: Companies House public register Β· retrieved 21 Aug 2026. Contains public sector information licensed under the Open Government Licence v3.0.

In the news

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Wayve do?
Wayve builds end-to-end embodied AI driving software licensed to automakers and fleets for L2+ through L4 autonomy.
Who founded Wayve?
Wayve was founded by Alex Kendall, Amar Shah in 2017.
Who are Wayve's investors?
Wayve's investors include Balderton Capital, British Business Bank, Icehouse Ventures, SoftBank Group, SoftBank Vision Fund, Teachers' Venture Growth, Baillie Gifford, Eclipse and 16 more.
How much funding has Wayve raised?
Wayve has disclosed $2.3B raised across 3 of its 6 known rounds.
Where is Wayve headquartered?
Wayve is headquartered in London, GB.