AI Summary

Wayve, a UK‑based self‑driving technology startup, has launched an $85 million tender offer that lets employees sell a portion of their vested equity back to investors. The offer is structured by the company’s existing and new investors and is priced at Wayve’s latest valuation of $8.5 billion. That valuation was set in February when the nine‑year‑old company closed a $1.2 billion Series D round led by Eclipse, Balderton, and SoftBank Vision Fund 2, with participation from Ontario Teachers’ Pension Plan, Baillie Gifford, Microsoft, Nvidia, and Uber.

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