Autonomous trucking startup Waabi has raised $200 million in an oversubscribed Series B funding round led by existing investors Uber and Khosla Ventures.
The Toronto-based company expects to launch fully driverless trucks in 2025, and ultimately see its generative AI deployed in humanoid and warehouse robots.
"A system like this has astounding abilities to generalize and handle the unknown, is more efficient to train, and its safety can be mathematically validated and verified," said Waabi founder & CEO Raquel Urtasun. Trucking is an integral part of the economy, representing over 70% of freight moved in the U.S., yet it is, safety issues and supply chain challenges. Even as pandemic-related problems have subsided, the supply chain is far from optimal in terms of efficiency and trucking, in particular, continues to be a market where there is significant room to optimize loads. Many of these issues can be fixed through automation and other tech-driven solutions.
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AI Startup Waabi Raises $200 Million To Get 18-Wheel Robotrucks On The RoadAlan Ohnsman is a Forbes senior editor who covers cleantech and advanced transportation. He joined Forbes in 2016 and works in Los Angeles. He co-authors the Current Climate newsletter, writes about promising clean energy developments and has covered Tesla since 2006, when he was with Bloomberg News. He has a graduate degree in journalism and a B.
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AI Startup Waabi Raises $200 Million To Get 18-Wheel Robotrucks On The RoadAlan Ohnsman is a Forbes senior editor who covers cleantech and advanced transportation. He joined Forbes in 2016 and works in Los Angeles. He co-authors the Current Climate newsletter, writes about promising clean energy developments and has covered Tesla since 2006, when he was with Bloomberg News. He has a graduate degree in journalism and a B.
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