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Industries
Automotive & Transportation
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$265.9M
Headquarters
Toronto, Canada
Founded
2021
Waabi focuses on developing self-driving technology specifically for the trucking industry. Their main product, the Waabi Driver, is designed to learn from experiences, adapt to new situations, and work with various hardware setups. This technology aims for large-scale use and is intended for integration into vehicles by original equipment manufacturers (OEMs). Waabi stands out from competitors by utilizing an advanced simulation platform called Waabi World, which allows them to test and refine their self-driving systems in a virtual environment, minimizing the need for extensive real-world testing. This not only cuts costs but also improves safety and adaptability. The goal of Waabi is to transform the trucking industry by making it safer and more cost-effective through their autonomous driving solutions.
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Total Funding
$265.9M
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Toronto-based autonomous truck technology maker Waabi announced a strategic partnership on Tuesday with Volvo Autonomous Solutions to jointly develop and deploy autonomous trucks. The partnership is twofold, combining Waabi’s innovations in generative AI with Volvo’s autonomous truck, the Volvo VNL Autonomous.The vertical integration comes in the form of integrating Waabi’s virtual driver system, the Waabi Driver, into the Volvo autonomous truck, which has redundant systems for safe autonomous operations. FreightWaves spoke with Raquel Urtasun, founder and CEO of Waabi, about the partnership. The first thing to note is this is not a retrofit, but a vertical integration: These trucks will come off the factory line fully equipped and ready.“We don’t believe that retrofit is an option for that redundant platform; we believe that our technology, and any AV player for that matter, should be vertically integrated into a redundant platform that is purposefully built for self-driving,” said Urtasun. While Volvo handles the tractor, Waabi has been cooking up its Waabi Driver, part of the next generation of autonomous vehicle progression called AV 2.0. AV 2.0 and autonomous trucking’s Kitty Hawk momentThe best way to understand AV 2.0 and what that means for autonomous trucking is to first understand what AV 1.0 did.“If you look at the industry, there was a generation of technology, what we call AV 1.0, which is a more traditional approach that is some engineered systems where there is AI on them but AI plays a very secondary role,” said Urtasun.She adds that one way to imagine AV 1.0 is smaller AI models all over the place, but there’s a system managed by humans requiring large teams to develop, necessitating many miles to see the next set of edge cases that the system can’t handle. More miles, that is followed by building a bigger dataset, but it’s very capital-intensive and time-consuming, resembling a tedious iteration. The past two years brought about the next evolution, AV 2.0: “this idea of you can have a single AI system that can do all the tests necessary for driving,” adds Urtasun. A parallel that she notes is to imagine having a large language model (LLM) that can engineer a system, versus having to manually program it in the past.With great power comes great computing responsibility. One reason Nvidia has recently been in trucking news is that its computer hardware is powering the AV 2.0 renaissance
CEO says deal gives Waabi next puzzle piece it needs for autonomous trucking at scale
Autonomous vehicles fuel $2.7B funding boom in June 2024. By Dan Kara | July 29, 2024Listen to this article. Forty-eight companies that make robots or relevant enabling technologies raised a total of $2.7 billion in June 2024. At press time, this was the highest monthly funding total of 2024. It exceeded May’s total by more than $500 million and was more than double the 12-month trailing investments average of $1.3 billion. Robotics investments for the first six months of 2024 totaled about $8.4 billion
Waabi is developing on NVIDIA DRIVE OS, the company's operating system for safe, AI-defined autonomous vehicles.
Uno scenario ancora ricco di incognite. L'azienda canadese, fondata da una ex dipendente di Uber, partirà dal Texas con i primi veicoli smartWaabi, startup canadese, ha annunciato che dal 2025 introdurrà i suoi camion senza pilota sulle strade del Texas, Stato USA da tempo candidatosi ad accogliere le tech company che decidono di lasciare la California. Il panorama delle startup e scaleup impegnate sulla guida autonoma è vivace, nonostante qualche brusca frenata al business (si veda il caso di Cruise nel 2023). Uno degli ambiti in cui le self driving car stanno mostrando potenzialità non riguarda il trasporto di persone, bensì di merci. Camion a guida autonoma: le aziende impegnate. Non è la prima volta che su StartupItalia scriviamo di self driving truck: Aurora e Volvo sono al lavoro da tempo per mettere su strada questa tecnologia e Walmart testa furgoni smart per rifornire i propri supermercati
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Industries
Automotive & Transportation
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$265.9M
Headquarters
Toronto, Canada
Founded
2021
Find jobs on Simplify and start your career today