Waabi in its US$1-billion financing Waabi in its US$1-billion financing

On January 28, 2026, Waabi announced that it secured US$1 billion in financing. This marks one of the largest funding rounds in Canadian tech history to date which consisted 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 on utilizing this new capital for advancing the development of its physical AI platform, accelerating its commercial progress with self-driving trucks, and moving into a new target market of robotaxis.

Waabi, founded by Raquel Urtasun, is an AI company specializing in self-driving technology focused on its AI-first approach which uses deep learning, probabilistic inference and complex optimization to create software capable of complex reasoning.

Osler, Hoskin & Harcourt LLP advised Waabi with a team consisting of Chad Bayne, Justin Dharamdial, Madison Kerr and Jordan Geist (Emerging and High Growth Companies) and Shuli Rodal (Competition, Trade and Foreign Investment).