Full-Time
Commercial Counsel
Supply Chain
Posted on 6/27/2024
Waabi
201-500 employees
Develops self-driving technology for trucking
Compensation Overview
$122k - $226k/yr
Senior
San Francisco, CA, USA + 1 more
More locations: United States
Hybrid role requiring in-office presence in San Francisco.
- Juris Doctor and qualified to practice law in at least one U.S. state, with California, New York or Texas preferred.
- 5-8 years of experience in commercial contracting at an automotive company, fast-paced hardware technology company and/or in private practice (business law).
- Demonstrated experience tackling thorny issues in hardware and part supply contracts.
- Solid understanding of how to balance contractual risk with sustainable contracting provisions based on company stage.
- Ability to handle multiple competing priorities under time pressure, rapidly develop relationships, and identify the most important issues that will impact Waabi’s business.
- Dynamic problem solving skills and great business judgement when provided with incomplete information.
- Open-minded and collaborative team player with the willingness to help others.
- Demonstrated willingness to flex and grow into new areas.
- Meticulous attention to detail & passion for contracts!
- Lead and support legal contract negotiations on a variety of transactions including master supply agreements, service agreements, license agreements, NDAs, and more.
- Develop and maintain contract templates.
- Collaborate closely with Waabi’s global supply chain team on contract databases and contract processes for Waabi.
- Expand your knowledge of regulatory compliance as it applies to Waabi’s operations and assist with day-to-day compliance management.
- Manage day-to-day insurance matters.
- Draft business policies and lead yearly reviews of policies.
- Be part of a team of multidisciplinary operations managers, procurement professionals, commercial negotiators and policy leaders among others, using an AI-first approach to enable safe self-driving at scale.
Waabi focuses on developing self-driving technology specifically for the trucking industry. Their main product, the Waabi Driver, is designed to learn from experiences and adapt to different driving scenarios and vehicle configurations. This technology aims for large-scale use and is intended for integration into commercial 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 enhances safety and adaptability. The goal of Waabi is to transform the trucking industry by providing technology that reduces operational costs and improves safety for commercial transportation.
Company Size
201-500
Company Stage
Series B
Total Funding
$273.3M
Headquarters
Toronto, Canada
Founded
2021
Simplify's Take
What believers are saying
- Waabi's €270M funding shows strong investor confidence in AI simulation technologies.
- Partnership with Volvo enhances Waabi's market reach and product offerings.
- Generative AI collaboration with Volvo allows efficient, scalable autonomous truck solutions.
What critics are saying
- Competition from Plus and Tier IV in Japan may challenge Waabi's market share.
- Waabi's success is tied to Volvo's market performance and strategic decisions.
- Reliance on Nvidia's hardware poses risks if supply chain issues arise.
What makes Waabi unique
- Waabi uses advanced simulation technology, Waabi World, to reduce real-world testing needs.
- The Waabi Driver adapts to new scenarios and geographies, enhancing flexibility.
- Waabi's realism metric sets industry standards for simulation accuracy and safety.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Flexible Work Hours
Company Equity
Growth & Insights and Company News
6 month growth
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Plus and Tier IV Partner to Advance Autonomy 2.0 in Japan(Photo: Plus/Tier IV). Plus, an AI-based autonomous trucking software provider, and Tier IV, the world’s first open-source software for autonomous driving, announced a strategic partnership to develop autonomous driving solutions in Japan. The solution is slated to start with Level 4 autonomous trucks on Japan’s expressways and includes support from a Japanese government-led initiative to expedite the development of autonomous driving technologies, aimed at addressing the country’s critical driver shortage.A recent study by the Nomura Research Institute said there was a 36% shortfall in Japanese truck drivers in 2023. This led the Japanese Ministry of Economy, Trade and Industry to develop a project to create autonomous trucks based on vehicles from Japanese vehicle manufacturers.As part of the partnership, a new customized solution will integrate Plus’ end-to-end virtual driver AI model with Tier IV’s Autoware-based platform to meet the autonomous driving requirements of the Japanese market. This is part of Plus’ existing partnerships and expansion in the United States and Europe.Tier IV CEO Shinpei Kato said in a news release: “We’ve always believed that co-creation with our partners is the fastest way to bring the best autonomous driving systems to the world. Plus is a global autonomous driving software company that’s already powering the Level 4 autonomous trucks of leading truck makers in the United States and Europe, like TRATON GROUP’s Scania, MAN and International, Iveco Group, as well as Hyundai
Founder and CEO Raquel Urtasun calls on all AV developers to demonstrate their simulators are true to life
Raquel Urtasun, founder of Waabi, an AI-driven autonomous trucking startup, has raised nearly €270 million, with backing from Uber and Nvidia. Waabi, based in Toronto, focuses on AI simulation for safe autonomous driving. The company secured €79.5 million in Series A funding and €190 million in a subsequent round, attracting investors like Khosla Ventures, Ingka Investments, and Volvo Group. Urtasun emphasizes transforming the world over selling the company.