Wayve, the Lidar-free self-driving startup, raises $13.6M from Ocado

Wayve, the Lidar-free self-driving startup, raises $13.6M from Ocado

2 years ago
Anonymous $BH0TGXkyPe

https://techcrunch.com/2021/10/06/wayve-the-lidar-free-self-driving-startup-raises-13-6m-from-ocado/

Wayve, a U.K.-based self-driving startup that is notable for its use of deep learning and cameras rather than more-costly Lidar and other sensors to guide vehicles, is gearing up for its next stage of development with a strategic backer in its pocket. Today Ocado — the online grocer that also powers online grocery systems for other retailers like Kroger in the U.S. — announced that it is investing £10 million ($13.6 million at today’s rates) in the startup.

The deal will give Ocado early access to London-based Wayve’s technology, which will be used in a trial in which Wayve’s hardware and software will be fitted on to Ocado vans and trialled for a year in real-world scenarios involving traffic congestion, making awkward turns on small residential streets, and navigating complicated, non-grid street layouts.