Waymo has New $16 billion funding round almost finalized According to the Financial Times, the robotaxi company would be valued at $110 billion.
More than three-quarters of that funding will reportedly come from a source closer to home — Alphabet, where Waymo is a subsidiary. (The company was incubated as part of Alphabet’s “Moonshot Factory”.)
The FT reports that Waymo is bringing in new investors Dragoneer, Sequoia Capital and DST Global, with existing backers Andreessen Horowitz and Abu Dhabi sovereign fund Mubadala also participating in the round.
When contacted by TechCrunch, a company spokesperson said in a statement, “While we do not comment on private financial matters, our trajectory is clear: with more than 20 million trips completed, we are focused on the safety-based operational excellence and technological leadership required to meet the huge demand for autonomous mobility.”
The company is expanding rapidly, including Recently launched in Miami. This development has come with some challenges, including that many robotaxis stopped at traffic lights During the widespread San Francisco blackout.
According to the FT, Waymo has annual recurring revenue of more than $350 million and is expected to host more than 1 million rides per week this year. company is last Raises $5.6 billion Series C in 2024The company is valued at $45 billion.
