Waabi launches to build a pathway to commercially viable, scalable autonomous driving

Torys acted as counsel to Radical Ventures as an investor with a team led by Konata Lake (corporate/financing).

On June 8, 2021, Waabi, announced a US$83.5 million Series A financing with backing from best-in-class investors across the technology, logistics and the Canadian innovation ecosystem.

The round, among the largest Series A rounds ever raised in Canada, was led by Khosla Ventures with additional participation from Uber, Radical Ventures, 8VC, OMERS Ventures, BDC Capital’s Women in Technology Venture Fund (WIT), Aurora Innovation Inc., AI luminaries Geoffrey Hinton, Fei-Fei Li, Pieter Abbeel, Sanja Fidler and others.

Further information can be found on Globe Newswire’s website.

Waabi, founded by AI pioneer and visionary Raquel Urtasun, is an AI company building the next generation of self-driving technology. With a world class team and an innovative approach that unleashes the power of AI to “drive” safely in the real world, Waabi is bringing the promise of self-driving closer to commercialization than ever before.

Radical Ventures was founded in 2017 by Jacobs, Poutanen, Sucher and Volkovs to pool their own tech investments along with a small group of outside investors seeking investments in companies developing AI products or applying AI to create a competitive advantage in massive markets.