Report: Waymo raising $16 billion at a $110 billion valuation
According to the Financial Times, more than three quarters of the money comes from Alphabet. Waymo says it has completed over 20 million rides.
According to the Financial Times, Waymo, the self-driving car company owned by Alphabet (Google's parent), is close to finishing a $16 billion funding round.
The numbers
- Waymo's valuation would reach $110 billion, up from $45 billion in 2024
- More than three quarters of the money comes from Alphabet
- New investors: Dragoneer, Sequoia Capital and DST Global
- a16z and Mubadala Capital are also taking part
Where Waymo stands
- Waymo says it has completed more than 20 million rides
- According to the FT, its annual revenue is above $350 million
This is a report and has not yet been officially announced.
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