Alphabet’s Waymo secures $16bn funding at $126bn valuation

Waymo has completed a $16bn financing round that values the autonomous driving company at $126bn on a post-money basis. The investment was led by Dragoneer Investment Group, DST Global and Sequoia Capital. Its parent Alphabet remains the largest shareholder, while Andreessen Horowitz and Mubadala Capital also participated. Other backers included Bessemer Venture Partners, Silver Lake, Tiger Global, T Rowe Price, BDT & MSD Partners, CapitalG, Fidelity Management & Research Company, GV, Kleiner Perkins, ...