Amar Shah and Alex Kendall were machine learning PhD students at the University of Cambridge when they founded Wayve on 21 August 2017. Shah was the first CEO and Kendall was CTO.
Wayve came out of stealth in 2018 and raised a seed round of about $3m. In November 2019 it raised a $20m Series A, and it moved to London that year.
Shah left in 2020, and Kendall became CEO.
Under Kendall, Wayve raised a $200m Series B in January 2022 and $1.05bn in May 2024. In February 2026 a Series D of about $1.5bn valued it at $8.6bn.