Waabi, a Toronto, Canada-based autonomous trucking technology company, received an investment from Volvo Group Venture Capital AB.
The amount of the deal was not disclosed.
Led by Raquel Urtasun, Founder and CEO, Waabi is using advanced artificial intelligence technology to test, assess skills, and ultimately teach a virtual driver to maneuver safely and efficiently in a commercial-ready autonomous trucking solution.
The company recently unveiled the Waabi Driver, its core autonomous trucking solution, designed for large-scale commercialization and safe deployment. This solution is complemented by Waabi World, a scalable high-quality simulator, exposing the Waabi Driver to the vast diversity of scenarios needed to hone its driving skills and paving the way to widespread adoption of autonomous trucking.
The transaction has no significant impact on the Volvo Group’s earnings or financial position.
FinSMEs
23/01/2023