Waymo reportedly raising a $16B funding round
TechCrunch • • business
Key Points:
- Waymo is close to completing a $16 billion funding round that will value the robotaxi company at $110 billion, according to the Financial Times.
- Over 75% of the funding is expected to come from Alphabet, Waymo's parent company, which originally incubated Waymo within its "moonshot factory" X.
- New investors joining the round include Dragoneer, Sequoia Capital, and DST Global, while existing backers Andreessen Horowitz and Mubadala are also participating.
- Waymo has completed over 20 million trips and is focusing on safety, operational excellence, and technological leadership to meet growing demand for autonomous mobility.
- The company is rapidly expanding, recently launching services in Miami, but
