Ocado and Virgin have returned to back the autonomous driving system provider, joining Microsoft to push its funding to $258m in total.

UK-based self-driving technology developer Wayve completed a $200m series B round yesterday featuring software provider Microsoft, online grocer Ocado and conglomerate Virgin, suggesting further growth in the autonomous vehicle (AV) space.

Venture capital firm Eclipse Ventures led the round, which included D1 Capital Partners, Baillie Gifford, Moore Strategic Ventures, Linse Capital, Compound Ventures and Balderton Capital as well as private investors Sir Richard Branson, Rosemary Leith, Linda Levinson, David Richter, Pieter Abbeel and Yann LeCun.

Founded in 2017, Wayve is…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.