Waabi

Company research

Public company, workplace, funding, and market signals

Updated Aug 5, 2026

Overview

Waabi is a Toronto-founded Physical AI company building autonomous transportation systems. It applies an interpretable, verifiable end-to-end AI model and high-fidelity simulation to autonomous trucks and, increasingly, robotaxis.

Primary product

Waabi Driver, an autonomous-driving system powered by Waabi’s Physical AI Platform; Waabi World is its neural simulation and virtual-training environment.

Founded

2021

Headquarters

Toronto, Ontario, Canada

Team size

Approximately 250–300 (public estimates vary; PitchBook reports 260 and Waabi/LinkedIn-derived data reports 200–300).

Work style

Flexible

Industry

Autonomous transportation / truck transportation

Sub-industry

Autonomous vehicles, physical AI, artificial intelligence and machine learning, mobility technology

Offices

Toronto, Canada

San Francisco, United States

Dallas, United States

Phoenix, United States

Pittsburgh, United States

Business model

Autonomous-trucking technology licensing to OEMs and fleets

Direct-to-customer autonomous trucking / driver-as-a-service

Factory-level integration with vehicle manufacturers

Strategic partnerships and deployment programs

Robotaxi technology deployment through Uber

Funding

Stage

Late-stage venture-backed, Series C; private and generating revenue

Total raised

$1.3B

Latest round

Series C · Jan 2026

Latest amount

$750M

Series C

Jan 2026 · Khosla Ventures and G2 Venture Partners

$750M

Milestone-based strategic investment

Jan 2026 · Uber

$250M

Series B

Jun 2024 · Uber and Khosla Ventures

$200M

Venture / strategic round

Jan 2023 · Volvo Group Venture Capital

Series A

Jun 2021 · Khosla Ventures

$83.5M

People & investors

Leadership

Raquel Urtasun

Founder & CEO

Lior Ron

Chief Operating Officer

Adam Zino

Head of Customer Solutions

Dave Mares

Director of Operations

Investors

Work & culture

Waabi describes its culture as scientific, curious, diverse, resilient, accountable, safe, efficient, and data-driven. Safety is presented as non-negotiable, with a simulation-first and objective approach to engineering and decision-making; careers materials emphasize remote flexibility and real-world impact.

Work style

Flexible

Compensation

Public job postings provide role-specific ranges; one US Director, OEM & Strategic Partnerships posting listed $250,000–$300,000 base salary plus equity and annual bonus. Broader compensation data is not publicly established.

Benefits

Medical, dental, and vision coverage for full-time US employees

Equity incentive awards

Annual performance bonus for applicable roles

Unlimited vacation / paid time off

Flexible hours

Work-from-home support

Catered meals, drinks, and snacks in office

Team-building activities and social events

Product & market

Pricing

Not publicly disclosed. Available evidence indicates enterprise licensing, factory integration, direct-to-customer trucking, and deployment/driver-as-a-service arrangements rather than consumer list pricing.

Differentiators

—Single AI model intended to generalize across trucks, robotaxis, geographies, environments, and vehicle platforms
—Interpretable and verifiable end-to-end architecture
—Waabi World simulation-first development reduces dependence on costly real-world miles
—Mixed-reality testing and rigorous validation
—Capital-efficient approach relative to traditional AV development
—Direct-to-customer trucking model and planned shared technology stack across trucking and robotaxis

Technology

Physical AI

Waabi Driver

Waabi World neural simulator

Interpretable and verifiable end-to-end AI

Generative AI

Neural simulation

Mixed-reality testing

Computer vision

Machine learning

Lidar

Cameras

Radar

Transformers

SE(2)-equivariant modeling

Customers

Uber Freight

Uber

Fortune 5 shippers / logistics customers (not individually named publicly)

Volvo Autonomous Solutions / Volvo Group

Trucking fleets and OEM partners

Competitors

Aurora Innovation

Kodiak AI / Kodiak Robotics

Bot Auto

Tesla

Waymo

Nuro

WeRide

Plus

Scale & contact

Estimated revenue

$10M–$20M annually; one public company-data estimate is approximately $11.2M, but this is not company-reported.

Estimated monthly visits

63.2K

Traffic estimate as of Aug 2026

Signals & risks

Other

Jan 2026

Waabi’s planned Uber robotaxi expansion includes approximately $250 million of milestone-based future capital and a target of at least 25,000 vehicles; timing and milestones were not fully disclosed.

Source

Other

Jan 2026

The planned fully driverless trucking rollout was reported as delayed from the prior target of 2025 to the following few quarters; trucks still required validation before launch.

Source

Latest news

Waabi raises $1B and expands into robotaxis with Uber

TechCrunch · Jan 2026

Reports the $750M Series C, approximately $250M in milestone-based Uber capital, robotaxi partnership, and planned deployment of at least 25,000 vehicles.

Waabi secures $1 Billion in new funding to lead Physical AI revolution

Waabi · Jan 2026

Official announcement of the Series C, investor participation, Uber partnership, and expansion from autonomous trucks into robotaxis.

Autonomous startup Waabi raises $750 million to expand into robotaxis

CNBC · Jan 2026

Covers the financing, Uber deployment plan, physical AI strategy, direct-to-customer trucking, sensors, and competitive landscape.

Waabi hires industry veteran, Lior Ron, as Chief Operating Officer

Waabi · Aug 2025

Announces Lior Ron’s appointment to lead operations, go-to-market strategy, partnerships, and commercialization.

Waabi Raises $200M USD to Launch Fully Driverless Trucks in 2025

Waabi · Jun 2024

Announces the oversubscribed Series B, investor group, and plan to commercialize fully driverless autonomous trucks.

Jobs and careers at Waabi

85 jobs at Waabi

IT System Administrator

On-site

Software

Toronto, ON

3d ago

On-site

Full-time