GoKawiilA prototype of the Nissan Motor Co. Leaf-based autonomous vehicle equipped with Wayve Technologies Ltd.'s AI Driver software and connected to Uber Technologies Inc.'s ride-hailing platform on display during a news conference in Tokyo, Japan, on Thursday, March 12, 2026.
British autonomous driving startup Wayve on Wednesday said it raised funds from Qualcomm , AMD and Arm , adding some of the biggest names in tech to its long list of backers as it takes on rivals like Alphabet 's Waymo.
The three semiconductor firms invested $60 million into Wayve, the company said on Wednesday, in a follow-on investment to the $1.2 billion funding round the driverless car company announced in February.
While relatively small in size, the investment is strategic in nature.
Wayve's technology is designed to make cars autonomous without the need for high-definition maps or massive amounts of training in a specific area, which is a different approach to competitors like Waymo.
The U.K.-headquartered firm has designed its technology to work with any automaker. But different automakers use various chips to power their driverless cars, such as those designed by NVIDIA or Qualcomm. Arm and AMD are all involved in auto chips.
In the $1.2 billion funding round from February, Wayve announced Nvidia as a backer. Now with all of the major semiconductor names on board, Wayve has scope to work more closely with the companies as it looks to commercialize its technology and sell it to more automakers.