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Waabi Series B (2024)

Waabi (autonomous trucking) raised a $200 million Series B (announced June 18, 2024) led by Uber and Khosla Ventures, with new investor NVIDIA plus Porsche and Volvo Group Venture Capital; brought total funding to ~$280M.

investment · Active · operating


Machine-readable surfaces

516dce69-2311-435b-a5c5-9811fc3ff1fe
Type
investment
Status
Activeoperating
Announced
2024-06-18
2.2 years ago
Active for
2.2 years

Who’s involved

Waabico developer

Canadian autonomous-trucking company (founded 2021 by Raquel Urtasun, former [Uber atg](/companies/uber-atg) chief scientist and University of Toronto professor). Builds the Waabi Driver, an end-to-end generative-AI L4 system trained and validated in the Waabi World generative simulator. Targets driverless commercial trucking on the Volvo VNL Autonomous platform; as of early 2026 it still runs with a safety driver (the end-2025 driver-out target was deliberately not met, gated on the purpose-built Volvo truck). In January 2026 it raised about $1B and added a robotaxi lane with Uber.

HQToronto, Ontario, Canadawaabi.ai6 partnerships

Most-frequent partners

NVIDIAinvestor partner

World leader in accelerated computing and AI (NASDAQ: NVDA). In physical AI, NVIDIA develops the Isaac robotics platform: the GR00T open foundation model, Jetson edge compute (AGX Thor), Isaac Lab and Isaac Sim simulation environments, and Omniverse. NVIDIA positions itself as the platform layer for the humanoid industry. Developer of [GR00T N1](/brains/gr00t-n1), the first open humanoid foundation model.

HQSanta Clara, California, USAnvidia.com1108 partnerships

Most-frequent partners

Uberinvestor partner

Uber Technologies (NYSE: UBER) is a global ride-hailing and delivery platform. Committed $10B+ to autonomous vehicle investments through equity stakes and robotaxi fleet agreements. Partners with Waymo (exploring exit), serves as AV deployment channel in Austin and Atlanta. Exploring split with [Waymo](/companies/waymo) as tensions deepen. Stock down 16% YTD 2026.

HQSan Francisco, CAuber.com31 partnerships

Most-frequent partners

Khosla Venturesinvestor partner

Khosla Ventures is a venture capital firm founded by Vinod Khosla in 2004, investing in transformative technology and science. Focus areas include AI, robotics, clean energy, biotech, and food technology. Led [Histosonics](/companies/histosonics) $102M Series D and Hermeus $350M Series C in 2026.

HQMenlo Park, CAkhoslaventures.com1 partnerships

Most-frequent partners

Porscheinvestor partner

[Porsche AG](https://newsroom.porsche.com) is a German sports car manufacturer founded in 1931 in Stuttgart, known for the [911](https://en.wikipedia.org/wiki/Porsche_911), Taycan, Cayenne, and Macan models. A subsidiary of the [Volkswagen Group](https://www.volkswagen-group.com) (75.4% ownership), Porsche went public on the Frankfurt Stock Exchange in September 2022 at a €78 billion market cap — Europe's largest IPO by market capitalization. The company is actively developing automated driving technology through Porsche InnoDrive and Porsche Engineering, applying AI-based methods for environment perception and safety systems.

HQStuttgart, Germanyporsche.com1 partnerships

Most-frequent partners

[Volvo group](/companies/ab-volvo) Venture Capital is the corporate venture capital arm of Volvo Group (STO: VOLV-B), investing in autonomous driving, electric mobility, and transportation technology startups. Portfolio includes Aurion, Permobil, and other AV/mobility investments.

HQSweden1 partnerships

Most-frequent partners

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Sources (1)

  1. https://www.therobotreport.com/waabi-raises-200m-uber-nvidia-on-the-road-self-driving-trucks/

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