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

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.

The round was led by Khosla Ventures, with additional participation from Urtasun’s former employer, Uber, and Aurora, the AV startup that ended up acquiring Uber ATG in a deal last year. Funding was also raised from 8VC, Radical Ventures, Omers Ventures, BDC, AI luminaries Geoffrey...

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