- Companies
- Wayve
Last Wayve valuation
$8.6B
Secondary · Jun 2026
Last Wayve funding round
$60M
Series D · Apr 2026
Cumulative funding Wayve raised
$2.5B
across 8 funding rounds
Key investors in Wayve
Balderton Capital
Eclipse Ventures
Compound
Fly Ventures
SoftBank Group
Microsoft
About Wayve
Wayve is a London-headquartered AI company building end-to-end machine learning software for self-driving vehicles. Founded in 2017, the technology enables mapless navigation by learning from driving data to handle diverse urban environments. Wayve collaborates with automakers like Nissan and has testing operations in the UK and US.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Valuation
$8.6B (Jun 2026)
Sectors
Wayve Valuation
Wayve is currently valued at $8.6B, based on its secondary sale in June 2026. Read the announcement ↗
Wayve's valuation has moved from $8.6B at its Series D in February 2026 to $8.6B in June 2026, across 2 priced rounds.
Wayve valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2026 | Secondary | $8.6B |
| Feb 2026 | Series D | $8.6B |
Wayve Funding History
Wayve has raised a total of $2.5B across 8 funding rounds, plus 1 secondary share sale.
Wayve's first fundraising round was a $3M seed round in September 2017. The most recent completed round was a $60M Series D in April 2026.
Wayve funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Secondary | - | - | $8.6B | Wayve announced an USD 85 million employee tender offer, a secondary transaction in which employees could sell a portion of their vested equity to existing and new investors. The shares were priced at the USD 8.6 billion valuation set by the company's Series D round earlier in 2026, and no new capital was raised by the company. It was Wayve's second employee liquidity event, following one run alongside the USD 1.05 billion Series C in May 2024. Wayve was founded in 2017 and is headquartered in London, with a United States base in Sunnyvale, California. It develops embodied AI software for autonomous driving and had grown to about 1,200 employees across six countries on three continents. The company describes itself as the first developer to drive zero-shot in more than 500 cities, and works with Nissan, Mercedes-Benz, Uber, NVIDIA, Qualcomm and Microsoft as it moves from research to commercial deployment. |
| Apr 2026 | Series D | Qualcomm Ventures; ARM; AMD | $60M | - | Wayve announced a USD 60 million investment from Advanced Micro Devices, Arm and Qualcomm Ventures on 15 April 2026, extending the USD 1.2 billion Series D round it had closed in February 2026. The three semiconductor companies span the automotive compute stack, from architectures already embedded in millions of production vehicles to the platforms intended for the next generation of autonomous systems, and the investment is intended to deepen Wayve's work with them as it moves its software into production vehicles. No new valuation was disclosed; the February Series D was priced at a USD 8.6 billion post-money valuation. Wayve was founded in 2017 and is headquartered in London. It develops end-to-end embodied AI driving software that handles point-to-point navigation across different environments and vehicle platforms, spanning L2+ hands-off assistance through to L3 and L4 eyes-off automation, without relying on high-definition maps. The company supplies Mercedes-Benz and Nissan and is working with Uber on robotaxi deployments in London and other markets. Wayve was pre-revenue at the time of the investment. |
| Feb 2026 | Series D | Balderton Capital (lead); Eclipse Ventures (lead); SoftBank Group (lead); Baillie Gifford; Nissan; Mercedes-Benz; Uber; Stellantis; British Business Bank; Icehouse Ventures; Ontario Teachers' Pension Plan; Schroders Capital | $1.2B | $8.6B | Wayve, a UK-based autonomous driving startup founded in 2017, raised $1.2 billion in a Series D funding round on February 25, 2026, achieving a post-money valuation of $8.6 billion. The round was led by Eclipse Ventures, Balderton Capital, and SoftBank Vision Fund 2, with participation from new investors including Ontario Teachers’ Pension Plan, Baillie Gifford, British Business Bank, Icehouse Ventures, Schroders Capital, and strategic backers such as Microsoft, NVIDIA, Uber, Mercedes-Benz, Nissan, and Stellantis. The funding supports acceleration of Wayve's end-to-end AI platform for autonomous vehicles, agnostic to specific sensors or maps. Wayve plans commercial robotaxi trials with Uber starting in London in 2026, expanding to over 10 global markets, where Wayve supplies AI Driver software, automakers provide L4-capable vehicles, and Uber operates the fleet. The company also aims to license its technology to global automakers for L2+ to L4 autonomy levels. The raise underscores international confidence in Britain's AI and automotive sectors, positioning Wayve as a leader in embodied AI for driverless vehicles amid competition in self-driving tech. |
| May 2024 | Series C | SoftBank Group (lead); NVIDIA; Microsoft | $1B | - | Wayve raised a USD 1.05 billion Series C announced on 7 May 2024, led by SoftBank Group with new investor NVIDIA and existing investor Microsoft. It was the largest artificial intelligence financing raised by a European company at the time and took Wayve's total funding to about USD 1.3 billion. The proceeds were earmarked for scaling the company's Embodied AI foundation models for automated driving and for taking the technology from research into production vehicles. Wayve was founded in 2017 and is headquartered in London. It builds hardware-agnostic, end-to-end driving software that generalises across vehicles and environments without high-definition maps, spanning assisted driving through to full autonomy, and had been testing on public roads in the United Kingdom since 2018. No valuation was disclosed and the company was pre-revenue. |
| Jan 2022 | Series B | Eclipse Ventures (lead); Baillie Gifford; Compound; Balderton Capital; Microsoft; Linse Capital; Ocado Group; D1 Capital Partners; Moore Strategic Ventures; Virgin Group | $200M | - | Wayve announced a USD 200 million Series B on 18 January 2022, led by Eclipse. The round brought total equity raised since inception to more than USD 258 million. New financial investors included D1 Capital Partners, Baillie Gifford, Moore Strategic Ventures and Linse Capital, with further investment from Microsoft and Virgin, from strategic shareholder Ocado Group, and from early backers Compound and Balderton Capital. Angel participants included Sir Richard Branson, Rosemary Leith, Linda Levinson, David Richter, Pieter Abbeel and Yann LeCun. The capital was intended to accelerate what the company calls AV2.0, an end-to-end machine learning approach to autonomous driving that learns to drive from data rather than from hand-coded rules and does not depend on high-definition maps or lidar. Wayve was founded in 2017 and is headquartered in London. No valuation was disclosed and the company was pre-revenue. |
| Oct 2021 | Series A | Ocado Group (lead) | $14M | - | Ocado Group invested GBP 10 million, about USD 13.7 million, in Wayve in a follow-on financing announced on 6 October 2021. The investment accompanied a commercial partnership under which the two companies would develop autonomous grocery deliveries for retailers using the Ocado Smart Platform. Wayve's technology was to be fitted to a selection of Ocado delivery vans and trialled on urban delivery routes in the United Kingdom over twelve months, with Ocado's existing fleet also supplying data to train and validate the system. Wayve was founded in 2017 and is based in London. It develops camera-first deep learning software that allows a vehicle to adapt to new, unstructured and highly complex environments without pre-programming, human-designed rules or high-definition mapping. No valuation was disclosed and the company was pre-revenue. |
| Aug 2020 | Series A | Balderton Capital (lead); Compound; Fly Ventures; Eclipse Ventures; Yann LeCun; Richard Branson; Linda Levinson; Steve Girsky; Gregory Winter; Exor Ventures; Necessary Ventures; Bossa Invest | $20M | - | - |
| Nov 2019 | Series A | Eclipse Ventures (lead); Pieter Abbeel; Compound; Fly Ventures; Balderton Capital; Firstminute Capital; Necessary Ventures | $20M | - | Wayve raised a USD 20 million Series A announced on 18 November 2019. The round was led by Eclipse Ventures, the first time a United States venture firm had led a round in a European self-driving company, with participation from Balderton Capital and the company's existing investors alongside several leaders in machine learning and robotics. The proceeds were earmarked for a pilot fleet of autonomous electric test vehicles on public roads in central London and for growing the engineering team. Wayve was founded in 2017 in Cambridge and later moved its base to London. It develops an end-to-end deep learning driving system that learns to drive from data rather than from hand-coded rules, using cameras and basic satellite navigation instead of high-definition maps and lidar. The company was pre-revenue at the time and no valuation was disclosed. |
| Sep 2017 | Seed | Compound (lead); Fly Ventures (lead); Tiny Supercomputer Investment Company; Firstminute Capital; Bruno Bowden; Zoubin Gharamani | $3M | - | - |
Who has invested in Wayve?
37 investors have backed Wayve across its funding rounds, including Balderton Capital, Eclipse Ventures, Compound, Fly Ventures, SoftBank Group and Microsoft.
Lead investors include Balderton Capital, Eclipse Ventures, SoftBank Group, Ocado Group, Compound and 1 other investor.
Wayve Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Sep 2017 | ||
| 4 | Lead | Nov 2019 | ||
| 4 | Lead | Nov 2019 | ||
| 3 | Lead | Sep 2017 | ||
| 2 | Participant | Jan 2022 | ||
| 2 | Participant | Jan 2022 | ||
| 2 | Lead | May 2024 | ||
| 2 | Participant | Sep 2017 | ||
| 2 | Lead | Oct 2021 | ||
| 2 | Participant | Nov 2019 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | Feb 2026 | ||
This data is available for Pro users. Sign up to see all 37 Wayve investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialWayve Competitors
Wayve competitors include listed companies like Aurora Innovation, XPENG and Mobileye, and private ones like TEKEVER, Didi Woya and Applied Intuition.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $3M | ($786M) | $8.2B | 893.6x | ||
| Publicly listed | $12B | $157M | $9.3B | 0.9x | ||
| Private | - | - | $6.4B | - | ||
| Private | - | - | $5B | - | ||
| Private | $415M | - | $15B | 36.1x | ||
| Publicly listed | $1.9B | $140M | $4.5B | 1.5x |
Wayve Public Comps
Wayve is still privately-owned, but its public comps include Aurora Innovation, XPENG, China Aerospace Times, Mobileye, Momenta Global, Avic (Chengdu) Uas, Ondas, Hesai Technology, Pony AI and SAIC Motor.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3M | ($786M) | 2419.7x | 893.6x | (9.2x) | (9.4x) | |||
| $12B | $157M | 1.0x | 0.9x | 71.3x | (64.4x) | |||
| $2.1B | $167M | 3.7x | 3.3x | 45.7x | - | |||
| $1.9B | $140M | 1.6x | 1.5x | 21.7x | 6.6x | |||
| $362M | ($505M) | 7.7x | - | (5.5x) | - | |||
| $452M | $19M | 7.5x | - | 176.7x | - | |||
| $51M | ($127M) | 33.6x | 3.7x | (13.4x) | (16.0x) | |||
| $454M | $72M | 3.6x | 2.8x | 22.5x | 24.7x | |||
This data is available for Pro users. Sign up to see all Wayve competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Wayve
| When was Wayve founded? | Wayve was founded in 2017. |
| Where is Wayve headquartered? | Wayve is headquartered in London, United Kingdom. |
| Is Wayve publicly listed? | No, Wayve is a private, VC-backed company. |
| What is Wayve's valuation? | Wayve was last valued at $8.6B in its secondary sale in June 2026. |
| How much funding has Wayve raised? | Wayve has raised $2.5B across 8 funding rounds. |
| What was Wayve's last funding round? | Wayve's last funding round was a $60M Series D in April 2026. |
| Who are Wayve's investors? | Wayve's investors include Compound, Eclipse Ventures, Balderton Capital, Fly Ventures, Baillie Gifford, Microsoft, SoftBank Group, Firstminute Capital, Ocado Group, Necessary Ventures and 27 others. |
| Which companies are comparable to Wayve? | Companies comparable to Wayve include Aurora Innovation, XPENG, TEKEVER, Didi Woya, Applied Intuition and Mobileye. |
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