Waymo raised $5.6 billion in a Series C funding round led by Alphabet to expand its robotaxi service in major U.S. cities.
Waymo raised $5.6 billion in a Series C funding round led by Alphabet to expand its robotaxi service in major U.S. cities.
10/25/24, 1:59 PM
Money raised
$5.6 billion
Round Type
series c
Investors
T. Rowe Price, Tiger Global, Silver Lake, Perry Creek, Fidelity, Andreessen Horowitz, Alphabet
Waymo has closed a $5.6 billion funding round aimed at expanding its robotaxi service. The funding, led by Alphabet, will enable advancements in the Waymo Driver for business applications and further rider integration in cities like San Francisco, Phoenix, and Los Angeles.
Company Info
Additional Info
The funds from the round, which included more than 10 participants, will be used for advancing Waymo Driver, the company's autonomous driving technology, and to grow Waymo's team, the company said. According to investor website PitchBook, the company is valued at just over $30 billion. Waymo is the first to self-operate a fully autonomous, public ride-hailing service, Waymo One.