3 in Finance

6/20: Vecna Robotics (Waltham, MA), a developer of autonomous mobile robots for materials handling, raises $100 million in Series C funding with investors including Tiger Global Management, Proficio Capital Partners, and IMPULSE. This round nearly doubles the company’s valuation from the previous funding round, bringing the value to $450 million. (Link)

6/18: Waabi (Toronto, Canada), an autonomous trucking startup, raises $200M in Series B funding, led by Uber and Khosla Ventures, with additional funding from NVIDIA, Volvo, and Porsche. This round will support Waabi’s deployment of driverless trucks, which is aimed to be rolled out by 2025. (Link)

6/11: Cruise (San Francisco, CA) receives $850 million investment from General Motors as it begins to relaunch testing of its vehicles in Phoenix, Houston, and Dallas following the grounding of its fleet due to traffic safety incidents in 2023. (Link)

3 for Fun

Seoul Robotics successfully deploys its traffic signal system powered by LiDAR sensor data in Murray, Utah, marking the first intersection of its kind in the United States. (Link)

Waymo opens services to everyone and anyone in San Francisco, removing the waitlist system that was previously in place. (Link)

Wayve unveils new AI model, PRISM-1, a groundbreaking and novel 4D reconstruction and simulation model designed to revolutionize the testing and training of autonomous vehicles. (Link)

Big movers — month over month stock performance

Rivian gains 42%; Aurora Innovations gains 12%; Tesla gains 12%

AEye falls 33%; KORE Wireless Group falls 33%; Aeva falls 19%