Canadian autonomous trucking technology developer Waabi has raised more than $1 billion in a Series C financing co-led by Khosla Ventures and G2 Venture Partners.

Waabi says it’s the largest fundraise in Canadian history.

It also partnered with Uber to deploy Waabi Driver exclusively in the Uber platform. Waabi will use the funds to expand its autonomous trucking development as well as its expansion into robotaxis.

“We invest in the companies that are leading the AI era. Waabi has developed a truly groundbreaking physical AI platform that represents a fundamental leap forward in how next generation driverless technology is being developed,” said Vinod Khosla, founder of Khosla Ventures. “Their remarkable progress in autonomous trucking and rapid expansion into robotaxis demonstrates how their technology unlocks for the first time true scale in the real world. This breakthrough will define AI for decades to come.”

Added Brook Porter, partner and co-founder at G2 Venture Partners: “Waabi is fundamentally changing the trajectory of autonomous transportation. Their simulation-first end-to-end AI is a powerful enabler, accelerating commercial adoption while dramatically reducing capital needs to scale. Waabi is unlocking the potential for autonomy to drive vehicle efficiency and utilization, catalyzing the shift to a more sustainable transportation system.”