Cambridge start-up Wayve to become one of Britain’s…

Cambridge start-up Wayve to become one of Britain’s best-funded driverless car ventures in $20m deal

Wayve is close to securing tens of millions in funding from investors including Lastminute.com founder Brent Hoberman and Silicon Valley fund Eclipse.

Wayve Technologies, launched by Cambridge PhDs Amar Shah and Alex Kendall, is developing driverless car technology that it claims allows autonomous vehicles to learn to navigate unknown roads with minimal training.

Insiders said Wayve is expected to raise about $20m (£15m), which would be one of the largest early stage deals for a UK driverless car start-up.

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