London-based AI group Wayve has added $60m (£44m) of new funding from chip giants months after securing a $1.2bn investment.
The autonomous driving software developer is working towards integrating its automotive compute platforms into vehicles to support commercial partnerships, including a deal with Nissan to rollout robotaxis.
“For embodied AI to scale, automakers need design choice and supply chain flexibility,” said Wayve chief executive Alex Kendall.
“We’re building an AI Driver that works across the full automotive compute ecosystem, from architectures already used in millions of vehicles today to the platforms powering the next generation of automated vehicles.”
The new Series D extension investment was led by AMD, Arm and Qualcomm Ventures. Wayve has added the chip firms to its investor list to improve relations in the sector that will prove vital to the commercial success of its products.
“Expanding our relationships with leading silicon companies helps bring that into production at a global scale, and we’re delighted to have these partners actively working with us on integration and deployment,” Kendall said.
Salil Raje, senior vice president and general manager for adaptive and embedded computing at AMD, said: “AI is moving into real-world systems, and that changes compute demands.
“It stops being about models and becomes about physical AI systems that have to sense, decide, and act reliably and in real-time.
“We see Wayve’s approach as an important step in bringing technologies like AI Driver into production at scale.”
