Waymo has practically finalized a brand new $16 billion funding spherical that can worth the robotaxi firm at $110 billion, based on the Monetary Occasions.
Greater than three-fourths of that funding will reportedly come from a supply near house — Alphabet, the place Waymo is a subsidiary. (The corporate was incubated as a part of Alphabet’s “moonshot manufacturing facility” X.)
The FT reviews that Waymo is bringing on new buyers Dragoneer, Sequoia Capital, and DST International, with present backers Andreessen Horowitz and Abu Dhabi sovereign fund Mubadala additionally collaborating 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 obvious: with over 20 million journeys accomplished, we’re targeted on the safety-led operational excellence and technological management required to fulfill 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 a variety of robotaxis that stalled at visitors lights throughout a widespread San Francisco blackout.
Waymo has greater than $350 million in annual recurring income, based on the FT. The corporate final raised a $5.6 billion Collection C in 2024, valuing the corporate at $45 billion.
