UK-based startup Wayve has been named the winner of PITCH at Web Summit 2018 in Lisbon. PITCH brings together the world’s leading early-stage startups for a live on-stage battle.
This year’s PITCH competition saw more than 1 000 entries from across the world. Wayve was one of the top 168 startups from 40 countries that were chosen to pitch in front of investors, media and a live audience during the three-day conference in Lisbon, Portugal, that closed today.
Wayve is an Al company, based in Cambridge, UK that is committed to building a full data-driven driving software stack, which enables a car to drive itself using only the understanding of what it can see. The Cambridge based startup is aiming to be the first self-driving car company to deploy in 100 cities globally.
Alex Kendall, co-founder of Wayve said:
“Today’s approaches to autonomy will not scale to society’s demands in the next decade. When you’re developing technology that is so far against the status quo of the world today, it is very easy to be dismissed by group thinkers. We strive to let our technical results speak loudly in an industry of hype. Winning PITCH at Web Summit sends a strong signal to the market as we enter into our next fundraising round and validates that others are as excited as we are about this opportunity.”
“Choosing an overall winner of PITCH is never easy and this year it was so close but Wayve are deserved winners. Autonomous vehicles are the future of transport. Solutions like Wayve are essential to the the success of the industry and I’m sure they will go on to do great things in this space,” – Paddy Cosgrave, CEO & co-founder of Web Summit added.
Web Summit is a company from Dublin, Ireland, that holds events across the world. Over 120 000 people from more than 170 countries join its global events: Web Summit in Lisbon, Collision in Toronto, RISE in Hong Kong and MoneyConf in Dublin.