Waabi secures $1 billion in funding, signs exclusive partnership with UBER, with investors including NVIDIA

Physical AI pioneer Waabi secures $1 billion Series C funding, led by Khosla Ventures and G2 Venture Partners, with participation from Uber, NVIDIA’s venture capital arm NVentures, BlackRock, and others. Additionally, Waabi received a strategic investment from Uber, becoming an exclusive partner to deploy Waabi Driver-powered autonomous taxis exclusively on the Uber platform, marking a new chapter in AI-driven autonomous vehicles.

Waabi completes Canada’s largest funding round

Waabi attracted participation from many global leaders in AI, transportation, and the Canadian ecosystem. Besides the lead investors Khosla Ventures and G2 Venture Partners, Waabi’s Series C round also included strategic investors such as Uber, NVIDIA’s venture arm NVentures, Volvo Group Venture Capital, and Porsche Automobil Holding, as well as BlackRock, Radical Ventures, Abu Dhabi Investment Authority (ADIA), and other corporate and financial investors. This funding is the largest in Canadian history, and the capital will be used to advance Waabi’s physical AI platform, accelerate development in autonomous trucks, and expand its autonomous taxi business.

Waabi invents industry’s first autonomous truck and ride-sharing AI models

Waabi’s platform combines verifiable end-to-end AI models with the world’s most advanced neural simulators. These models possess neural reasoning capabilities, enabling the industry’s first autonomous truck and autonomous taxi sharing brain, driven by the same AI model for both applications.

NVIDIA CEO Jensen Huang endorses Waabi

NVIDIA founder and CEO Jensen Huang stated that the world’s annual driving miles reach trillions, and autonomous driving is one of the biggest and most important opportunities in AI today. Waabi has achieved a true breakthrough in autonomous driving. Built on NVIDIA DRIVE AGX Thor and Hyperion, Waabi is deploying its solutions, and NVIDIA is proud to support them as they are one of the future giants of AI.

Waabi partners exclusively with Uber to accelerate autonomous taxi deployment

Building on progress and maturity in autonomous truck operations, Waabi will launch its second application of physical AI: autonomous taxis. Waabi has reached an exclusive partnership with Uber to deploy Waabi Driver-powered autonomous taxis on the Uber platform. As part of this strategic collaboration, Uber will make additional investments based on project milestones to support Waabi’s R&D efforts, with plans to ultimately deploy 25,000 or more Waabi Driver autonomous taxis, significantly scaling autonomous taxi production.