# Waabi Innovation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/waabi-innovation

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Toronto, Canada
- Website: www.waabi.ai
- Total disclosed funding: $1B
- Latest round: Series C (Jan 28, 2026)
- Investors on record: 20

## About

Based in Canada, Waabi Innovation Inc. is transforming the transportation industry with its advanced autonomous trucking technology, driven by a sophisticated AI model that enhances safety and operational efficiency. Waabi Innovation Inc. specializes in autonomous trucking solutions, established in 2021 and headquartered in Toronto, Canada. In January 2026, Waabi Innovation Inc. raised USD 750 million in series C funding co-led by Khosla Ventures and G2 Venture Partners, with participation from Uber, Inc., Volvo Group Venture Capital, Porsche Ventures, Radical Ventures, HarbourVest Partners, Incharge Capital Partners, BDC Capital, Export Development Canada, Nventures, BlackRock, Abu Dhabi Investment Authority, and Telus Global Ventures, plus another USD 250 million milestone-based funding from Uber, Inc. CEO Raquel Urtasun, a leader in AI and autonomous systems, has built a strong foundation through her previous endeavors in the tech sector. Waabi focuses on revolutionizing the transportation sector through its core products, which center around autonomous trucking technology powered by an end-to-end interpretable and verifiable AI model. This technology employs an advanced neural simulator to enhance logistics and freight operations. Waabi's solutions cater to various use cases, including autonomous freight delivery, robotaxis, and intelligent warehouse systems, enabling seamless integration across multiple vehicle platforms. The company targets North American and European markets, partnering with industry leaders such as Volvo and Uber Freight to improve operational capabilities and customer delivery efficiency. Waabi's revenue model is built on B2B transactions and partnerships within the logistics sector, where it collaborates with established firms to implement autonomous technologies. The company engages clients through subscription-based agreements and direct sales, often under multi-year contracts that offer continuous updates and support as technologies advance. This strategy positions Waabi to enhance its competitive edge in the autonomous vehicle industry by emphasizing operational excellence and safety standards. The company will use the January 2026 funding to advance its Physical AI Platform, accelerate commercial progress in autonomous trucking, and support expansion into robotaxis.

## Funding rounds

- Series C, Jan 28, 2026, $750M — HarbourVest Partners, BDC Capital, Export Development Canada, Khosla Ventures, Volvo Group Venture Capital, BlackRock, Uber, Inc., Abu Dhabi Investment Authority, Radical Ventures, G2 Venture Partners, Nventures, Porsche Ventures, Incharge Capital Partners, Telus Global Ventures
- Series B, Jun 18, 2024, $200M — HarbourVest Partners, BDC Capital, Export Development Canada, Khosla Ventures, Volvo Group Venture Capital, NVIDIA Corporation, Uber, Inc., Scania CV AB, Radical Ventures, G2 Venture Partners, Porsche Ventures, Ingka Investments, Incharge Capital Partners
- Series A, Jun 8, 2021, $82M — BDC Capital, Khosla Ventures, OMERS Ventures, Uber, Inc., Radical Ventures, 8VC, Aurora Operations, Inc.

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A, Series B, Series C
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A, Series B, Series C
- OMERS Ventures (https://capitalatlas.ai/funds/omers-ventures) — Series A
- Uber, Inc. — Series A, Series B, Series C
- Radical Ventures (https://capitalatlas.ai/funds/radical-ventures) — Series A, Series B, Series C
- 8VC (https://capitalatlas.ai/funds/8vc) — Series A
- Aurora Operations, Inc. — Series A
- HarbourVest Partners (https://capitalatlas.ai/funds/harbourvest-partners) — Series B, Series C
- Export Development Canada — Series B, Series C
- Volvo Group Venture Capital (https://capitalatlas.ai/funds/volvo-group-venture-capital) — Series B, Series C
- NVIDIA Corporation — Series B
- Scania CV AB — Series B
- G2 Venture Partners (https://capitalatlas.ai/funds/g2-venture-partners) — Series B, Series C
- Porsche Ventures (https://capitalatlas.ai/funds/porsche-ventures) — Series B, Series C
- Ingka Investments — Series B
- Incharge Capital Partners (https://capitalatlas.ai/funds/incharge-capital-partners) — Series B, Series C
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series C
- Abu Dhabi Investment Authority — Series C
- Nventures — Series C
- Telus Global Ventures — Series C