"Waymo, Alphabet Inc.'s autonomous driving unit, is aiming to raise about $16 billion in a financing round that would value the unit at nearly $110 billion, according to people familiar with the matter. The parent company would provide about $13 billion to the robotaxi firm, while the rest would come from others, including new investors Sequoia Capital, DST Global and Dragoneer Investment Group, said the people, who asked not to be identified because the discussions are private."
"The prior investment round, in October 2024, valued the company above $45 billion and was led by Alphabet, which also owns Google. While we don't comment on private financial matters, our trajectory is clear: With over 20 million trips completed, we are focused on the safety-led operational excellence and technological leadership required to meet the vast demand for autonomous mobility, Waymo said in a statement."
Waymo, Alphabet Inc.'s autonomous driving unit, aims to raise about $16 billion in a financing round valuing the unit near $110 billion. Alphabet would provide roughly $13 billion while additional funds would come from new investors including Sequoia Capital, DST Global and Dragoneer Investment Group. The prior investment round in October 2024 valued Waymo above $45 billion and was led by Alphabet. Waymo has completed over 20 million trips and emphasizes safety-led operational excellence and technological leadership to meet demand for autonomous mobility. Google could not immediately be reached for comment.
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