Weil advised leading European VC firm Balderton Capital in its participation as a lead investor in the $1.2 billion Series D funding round for London-based Wayve, a leader in AI for autonomous driving. The deal values Wayve at $8.6 billion, including the new funds, ranking it among the UK’s most valuable AI start-ups.

The round was led by Balderton Capital, Eclipse and SoftBank Vision Fund 2, with participation from Microsoft, NVIDIA and Uber, alongside investment from global automakers Mercedes-Benz, Nissan and Stellantis. Uber will invest additional milestone-based capital to scale Wayve-powered robotaxi deployments globally.

The Weil team was led by Mergers & Acquisitions partner David Avery-Gee and counsel Timur Sauerborn with support from associate Melanie Yu.