Waabi’s $1B Raise and Volvo Tests Signal Uber’s Autonomous Challenge
UBER•Former Uber self-driving division head Raquel Urtasun has raised over $1 billion for autonomous trucking startup Waabi through a Series C co-led by Khosla Ventures. In partnership with Volvo, Waabi’s driverless trucks are already undergoing road tests, intensifying AI talent competition that may pressure Uber’s AV unit.
1. Ex-Uber Leader Launches Waabi
Raquel Urtasun, former head of Uber’s self-driving technology division, founded Waabi in 2021 to commercialize autonomous trucking. Leveraging her AI research background and industry experience, she positioned the startup to develop next-generation driverless freight solutions.
2. $1 Billion Funding Round and Volvo Partnership
Waabi has secured over $1 billion in capital, including a Series C co-led by Khosla Ventures, to fund hardware and software development. In collaboration with Volvo, the company has commenced on-road testing of fully autonomous trucks to advance operational readiness.
3. AI-First Talent Strategy Intensifies Competition
Urtasun emphasizes hiring adaptable Gen Z engineers with raw curiosity and AI-focused skills over seasoned veterans. This AI-first recruitment approach heightens competition for specialized talent and could challenge Uber’s ability to retain key autonomous vehicle personnel.
