Waymo announces $16 billion fundraising round

Alphabet's self-driving car unit Waymo on Monday said it raised a $16 billion funding round that values the company at $126 billion "post-money."The new valuation is more than double from Waymo's last funding. That was a series C round of $5.6 billion at a $45 billion valuation, which closed in October 2024. Alphabet committed $5 billion in a multiyear investment to Waymo at the time."​​This milestone is built on a foundation of safety that is now statistically superior to human driving," Waymo co-CEOs Teke ...