Waabi announced that it secured US$1 billion (CAS$1.37 billion) in financing, one of the largest funding rounds in Canadian tech history. The round consists of a US$750-million Series C financing co-led by Khosla Ventures and G2 Venture Partners and an additional milestone-based future investment of up to US$250 million from Uber to support a new partnership to deploy robotaxis powered by the Waabi Driver on the Uber platform. Waabi plans to use the new capital to advance the development of its physical AI platform, accelerate its commercial progress with self-driving trucks, and expand into a new target market of robotaxis. Founded by Raquel Urtasun, Waabi is an AI company specializing in self-driving technology with an AI-first approach that leverages deep learning, probabilistic inference and complex optimization to create software capable of complex reasoning.