Waabi, a Toronto, Canada-based autonomous trucking expertise firm, obtained an funding from Volvo Group Enterprise Capital AB.
The quantity of the deal was not disclosed.
Led by Raquel Urtasun, Founder and CEO, Waabi is utilizing superior synthetic intelligence expertise to check, assess expertise, and in the end train a digital driver to maneuver safely and effectively in a commercial-ready autonomous trucking answer.
The corporate just lately unveiled the Waabi Driver, its core autonomous trucking answer, designed for large-scale commercialization and protected deployment. This answer is complemented by Waabi World, a scalable high-quality simulator, exposing the Waabi Driver to the huge variety of eventualities wanted to hone its driving expertise and paving the best way to widespread adoption of autonomous trucking.
The transaction has no vital impression on the Volvo Group’s earnings or monetary place.