June 18 (Reuters) - Waabi has raised $200 million in a
Series B funding round, led by existing investors Uber
Technologies ( UBER ) and Khosla Ventures, to support the
rollout of its fully autonomous trucks next year, it said on
Tuesday.
The company is also backed by Nvidia ( NVDA ) and relies on
its AI chips to power self-driving applications.
It currently operates autonomous trucks with safety drivers
on planned commercial routes but aims for full self-driving
deployment in 2025, four years after the company was founded.
Waabi uses its driving simulation software called the Waabi
World to test, train and program the trucks, reducing the risk
of testing on public roads and enables the company to be capital
efficient, Waabi CEO Raquel Urtasun told Reuters.
Self-driving technology has attracted heavy scrutiny from
safety regulators in the U.S. in recent months after accidents
and crashes involving vehicles from General Motors' ( GM ) Cruise
and Alphabet's Waymo.
Waabi raised $83.5 million in a Series A funding round in
2021, led by Khosla Ventures with additional backing from Uber ( UBER )
and Aurora Innovation ( AUR ).
The company has a 10-year partnership with Uber ( UBER ) freight to
transport cargo across commercial routes between Dallas and
Houston in Texas but plans to expand operations nationwide and
potentially internationally as well, Urtasun added.