Waabi, the rare autonomous vehicle startup with a woman CEO, raises $83.5 million

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Waabi, the rare autonomous vehicle startup with a woman CEO, raises $83.5 million
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Waabi is an autonomous vehicle startup founded by computer vision luminary Raquel Urtasun, who formerly helped lead Uber’s AV division in Toronto. The software startup, which just raised $83.5 million, is focused on self-driving trucks.

Waabi is a new autonomous vehicle startup with a few things going for it to help it rise above the fray. For one, it’s founded by Raquel Urtasun, a renowned expert in computer vision who ran Uber Advanced Technology Group’s Toronto outpost, making it one of the few women-led AV startups in the world. Second, the Toronto-based company just came out of stealth having raised $83.5 million, which is among the largest Series A rounds ever raised in Canada.

“We can train an entire system to learn in simulation, and we can produce the simulations with an incredible level of fidelity, such that we can really correlate what happens in simulation with what is happening in the real world.” Urtasun and her team are also developing a new algorithm that will serve as the foundation for the “brain” of the self-driving car, which helps with motion planning and predicting what other vehicles on the road will do so the AV can react accordingly.

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