Waabi Secures $200M to Launch Autonomous Trucks by 2025
Waabi, a trailblazer in generative AI for the physical world, has announced the successful completion of a $200 million (USD) Series B funding round. This round, which exceeded initial expectations, was led by Uber and Khosla Ventures. Strategic investors in this round include NVIDIA, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest, and Ingka Investments.

Waabi, a trailblazer in generative AI for the physical world, has announced the successful completion of a $200 million (USD) Series B funding round. This round, which exceeded initial expectations, was led by Uber and Khosla Ventures. Strategic investors in this round include NVIDIA, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest, and Ingka Investments. Financial investors such as HarbourVest Partners, G2 Venture Partners, BDC Capital's Thrive Venture Fund, Export Development Canada, Radical Ventures, and Incharge Capital also participated. This new investment brings Waabi's total funding to over $280 million (USD) and will support the company's ambitious goal of deploying fully autonomous, AI-driven trucks by 2025.
In just three years since its founding, Waabi is nearing the achievement of Level 4 autonomy. This impressive pace and capital efficiency are a result of the company's groundbreaking approach to implementing generative AI in the physical world. Waabi has developed a single, end-to-end AI system capable of human-like reasoning, allowing it to handle any situation on the road, even those it has never encountered before. This system requires significantly less training data and computational resources compared to other end-to-end approaches. Moreover, Waabi's system is fully interpretable, and its safety can be validated and verified, setting a new standard for AI systems in the autonomous vehicle industry.
Raquel Urtasun, Founder and CEO of Waabi, stated, "I have spent most of my professional life dedicated to inventing new AI technologies that can deliver on the enormous potential of AI in the physical world in a provably safe and scalable way." She added, "Over the past three years, alongside the incredible team at Waabi, I have had the chance to turn these breakthroughs into a revolutionary product that has far surpassed my expectations. We have everything we need—breakthrough technology, an incredible team, and pioneering partners and investors—to launch fully driverless autonomous trucks in 2025. This is monumental for the industry and truly marks the beginning of the next frontier for AI."
This funding round has united pioneers across deep tech, AI, automotive, shipping, and logistics sectors, all supporting Waabi's innovative approach and ambitious vision. With this strategic capital infusion, Waabi is well-positioned to launch fully driverless trucks in Texas, expand autonomous operations to new regions, and transform the supply chain.
Jensen Huang, Founder and CEO of NVIDIA, remarked, "Waabi is developing autonomous trucking by applying cutting-edge generative AI to the physical world. I’m excited to support Raquel’s vision through our investment in Waabi, which is powered by NVIDIA technology."
Dara Khosrowshahi, CEO of Uber, commented, "We are big believers in the potential for autonomous technology to revolutionize transportation, making a safer and more sustainable future possible. Raquel is a visionary in the field, and under her leadership, Waabi’s AI-first approach provides a solution that is extremely exciting in both its scalability and capital efficiency."
Vinod Khosla, Founder of Khosla Ventures, added, "Change never comes from incumbents but from the innovation of entrepreneurs that challenge the status quo. Raquel and her team at Waabi have done exactly that with their products and business execution. We backed Waabi very early on with the bet that generative AI would transform transportation and are thrilled to continue on this journey with them as they move towards commercialization."
The new capital will also be utilized to expand Waabi's commercial operations and grow the team in both Canada and the United States. This investment builds on recent milestones for the company, including the opening of its new autonomous vehicle (AV) trucking terminal in Texas, a collaboration with NVIDIA to integrate NVIDIA DRIVE Thor into the Waabi Driver, and ongoing partnerships with Uber Freight to run autonomous shipments for Fortune 500 companies and top-tier shippers in Texas.
About Waabi
Waabi, founded by AI visionary Raquel Urtasun, is at the forefront of generative AI for the physical world, with a focus on revolutionizing the autonomous trucking industry. Waabi is supported by top-tier investors across technology, AI, automotive, logistics, and Canadian innovation ecosystems, including Khosla Ventures, Uber, NVIDIA, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest, Ingka Investments, BDC, EDC, Radical Ventures, Incharge Capital, and others.