Waabi, the San Francisco‑based startup developing self‑driving technology for commercial trucks, announced a $1 billion Series C round led by a consortium of venture firms and strategic investors. The fresh capital will accelerate Waabi's rollout of its proprietary AI‑driven perception stack and expand testing across North America and Europe. By bolstering its engineering team and scaling data collection, Waabi aims to close the gap with incumbent automakers and capture a larger share of the emerging autonomous freight market.

Industry analysts note that the sizable raise underscores growing investor confidence in software‑first approaches to autonomy, especially as regulators begin to formalise frameworks for driverless logistics. Waabi's technology, which combines large‑scale simulation with real‑world sensor data, could lower the cost per mile for autonomous trucking, potentially reshaping supply‑chain economics and reducing carbon emissions. The funding also positions Waabi to compete more aggressively for partnerships with major logistics firms seeking to future‑proof their fleets.

This story was written by a language model from reporting by The Economic Times. Check the original before quoting it.