Waabi Secures $1 Billion USD in New Funding to Lead Physical AI Revolution

TORONTO, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Waabi, the leader in Physical AI, today announced it has closed its oversubscribed $750M USD Series C round co-led by Khosla Ventures and G2 Venture Partners, and secured an additional milestone-based future investment from Uber to support a new partnership to deploy robotaxis powered by the Waabi Driver exclusively on the Uber platform. The funding, the largest fundraise in Canadian history, will fuel the continued advancement of Waabi's Physical AI Platform, further accelerate the company's commercial progress in autonomous trucking, and support Waabi's expansion into robotaxis.

Founded in 2021, Waabi has quickly ascended from industry upstart to leader in Physical AI. The company's revolutionary Physical AI Platform enables true scale, generalizing to different form factors, geographies, and environments. Waabi's Platform combines a verifiable end-to-end AI model capable of reasoning alongside the world's most advanced neural simulator. This approach enables -- for the first time in the industry -- a shared brain across both autonomous trucks and robotaxis, in which the same AI model powers both applications. Waabi's breakthrough unlocks a rapid and seamless expansion into robotaxis, while ensuring that progress in both autonomous trucks and robotaxis ultimately improves the Waabi Driver's overall capabilities.

"Waabi's Physical AI Platform has enabled us to hit an industry-leading pace in the development and commercialization of autonomous trucks over the past few years," said Raquel Urtasun, founder and CEO of Waabi. "Our current self-driving capabilities across highways and generalized surface streets have unlocked ...