New Tech
Wednesday, 7/1, 02:43 AM
Self-Driving Startup Wayve Lets Staff Cash Out at an $8.5 Billion Value
- Wayve, the London self-driving-AI company, is running an $85 million 'tender offer' that lets employees and early backers sell some shares for cash — at a valuation of about $8.5 billion.
- It's a way to reward staff without going public, and a sign of how hot AI startups are staying private.