Funding round
Wayve Series C
Wayve, which works in embodied AI technology development in London, raised $1.05B in a Series C round announced on 7 May 2024, led by SoftBank Group. 4 firms took part, 2 of them already investors. It is Wayve's third venture round on record; the one before was a Series B in Jan 2022.
$1.05B
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Wayve did not disclose a valuation in this round. It came 28 months after Wayve's Series B. It is 79% of the $1.33B Wayve has raised in the venture rounds on record. Wayve raised again 23 months later: a Series D round of $60M in Apr 2026.
Wayve's funding rounds
Wayve has 4 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
SoftBank Group led the round with 3 other firms. SoftBank Group and Microsoft had backed Wayve before.
Lead investor
- SoftBank Group existing investor
Also in the round
- NVIDIA new investor
- Microsoft existing investor
- Eclipse backs 79 venture-backed companies new investor
Joined the board: Kentaro Matsui (SoftBank Group).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
244 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 21 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 20 May 2024 | $120M | not disclosed | Stripes and Insight Partners |
| Tech Companies | 22 May 2024 | $115M | $1.20B | Tiger Global Management |
| Tech Companies | 8 May 2024 | $105M | $750M | GIC and Meritech Capital |
| Tech Companies | 15 May 2024 | $100M | not disclosed | Tiger Global |
| Tech Companies | 2 May 2024 | $34M | not disclosed | Anchor Capital |
| Tech Companies | 13 May 2024 | $13M | not disclosed | Globis Capital Partners |
| Tech Companies | 31 May 2024 | $2.5M | not disclosed | not named |
| Tech Companies | 13 May 2024 | $1.3M | not disclosed | Glovis Capital Partners |
Sources
Where this comes from
Reported by 11 sources.
Questions
Frequently asked
How much did Wayve raise in its Series C round?
Wayve raised $1.05B in its Series C round, announced in May 2024.
Who led Wayve's Series C round?
SoftBank Group led it, with NVIDIA, Microsoft and Eclipse.
What was Wayve's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
244 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 21 times the median.
Did Wayve raise again after this round?
Yes: a Series D round in Apr 2026 of $60M.