Waymo has nearly finalized a new $16 billion funding round that may worth the robotaxi firm at $110 billion, in keeping with the Monetary Instances.
Greater than three-fourths of that funding will reportedly come from a supply near residence — Alphabet, the place Waymo is a subsidiary. (The corporate was incubated as a part of Alphabet’s “moonshot manufacturing unit” X.)
The FT experiences that Waymo is bringing on new buyers Dragoneer, Sequoia Capital, and DST World, with current backers Andreessen Horowitz and Abu Dhabi sovereign fund Mubadala additionally taking part within the spherical.
When contacted by TechCrunch, an organization spokesperson stated in a press release, “Whereas we don’t touch upon personal monetary issues, our trajectory is evident: with over 20 million journeys accomplished, we’re targeted on the safety-led operational excellence and technological management required to satisfy the huge demand for autonomous mobility.”
The corporate is increasing rapidly, together with with a current launch in Miami. That development has include some challenges, together with various robotaxis that stalled at site visitors lights throughout a widespread San Francisco blackout.
Waymo has greater than $350 million in annual recurring income, in keeping with the FT. The corporate final raised a $5.6 billion Sequence C in 2024, valuing the corporate at $45 billion.
