"Waymo operates fully autonomous ridehailing, without a human safety monitor, and charges a fare for passengers in half a dozen US cities. That includes the San Francisco Bay area, Los Angeles and rides through Uber Technologies Inc.'s app in Austin and Atlanta. The startup plans to aggressively expand the commercial service this year to many more American cities, as well as to the UK."
""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. Google could not immediately be reached for comment. Dragoneer, Sequoia and DST did not immediately respond to requests for comment. Mubadala declined to comment."
Waymo is seeking about $16 billion in a financing round that would value the unit near $110 billion. Alphabet would provide roughly $13 billion, with additional investments from Sequoia Capital, DST Global, Dragoneer Investment Group and Mubadala Capital. The round could close in February. A prior October 2024 round valued the company above $45 billion and was led by Alphabet. Waymo operates fully autonomous, monitor-free ridehailing in roughly six U.S. cities, including the Bay Area, Los Angeles, Austin and Atlanta, and plans aggressive expansion across many more U.S. cities and into the U.K. Competitors include Tesla and Amazon's Zoox.
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