Microsoft, Nvidia, Softbank Invest in Wayve Technologies' $1.05 Billion Series C Funding Round-March 2024-www.financetom.com

Microsoft, Nvidia, Softbank Invest in Wayve Technologies' $1.05 Billion Series C Funding Round

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Microsoft, Nvidia, Softbank Invest in Wayve Technologies' $1.05 Billion Series C Funding Round

May 7, 2024 9:20 AM

11:50 AM EDT, 05/07/2024 (MT Newswires) -- Microsoft ( MSFT ) and Nvidia ( NVDA ) participated in a $1.05 billion series C investment round led by Softbank Group for Wayve Technologies, the developer of autonomous driving software said Tuesday.

Softbank will join the company's board as part of the transaction, Wayve added.

The investment will support the company in the development and launch of embodied artificial intelligence products for production vehicles, according to Wayve.

Price: 412.66, Change: -0.88, Percent Change: -0.21

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