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Waabi chief executive and founder Raquel Urtasun in an automated driving truck in Toronto in 2024.

Autonomous driving software company Waabi Innovation Inc. is in advanced talks to raise one of the largest financings ever by an early-stage Canadian technology company.

The four-year-old Toronto startup is expected to close a financing that could exceed US$750-million as soon as this month. The deal is co-led by Silicon Valley financiers Khosla Ventures and G2 Venture Partners, and includes US$250-million from Uber Technologies, Inc., the former employer of Waabi CEO and founder Raquel Urtasun. The deal would value Waabi at US$3-billion before the receipt of funds raised.

The information was shared by three sources familiar with the matter. The Globe and Mail is not identifying

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