Self-driving technology firm Waabi has landed $750 million in new financing, a massive capital infusion that coincides with a sweeping partnership with Uber aimed at rolling out tens of thousands of robotaxis.
The announcement Wednesday places the Canadian startup at the center of an accelerating race to commercialize autonomous transportation, as artificial intelligence moves from simulation labs to real-world streets.
A Landmark Series C Round
The Series C funding round was co-led by Khosla Ventures and G2 Venture Partners, according to the company’s statement, marking what Waabi described as the largest fundraising round in Canadian history.
Founded in 2021, Waabi has developed a Physical AI platform designed to power both autonomous trucks and robotaxis — a dual-track strategy that executives say unlocks scalability across transportation sectors.
Physical AI at Highway Speed
“Waabi’s Physical AI Platform has enabled us to move at an industry-leading pace,” said founder and CEO Raquel Urtasun, pointing to the company’s progress in deploying autonomous driving systems on highways and complex urban streets.
Urtasun said those capabilities have opened a direct-to-customer model that tackles long-standing industry bottlenecks and creates a seamless entry into the robotaxi market.
The goal, she added, is a system that scales like software but operates with the precision of a seasoned human driver — everywhere.
