Waymo has practically finalized a brand new $16 billion funding spherical that may worth the robotaxi firm at $110 billion, in line with the Monetary Instances.
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 stories that Waymo is bringing on new traders 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 mentioned 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 centered on the safety-led operational excellence and technological management required to satisfy the huge demand for autonomous mobility.”
The corporate is increasing shortly, together with with a latest launch in Miami. That progress has include some challenges, together with quite a few robotaxis that stalled at visitors lights throughout a widespread San Francisco blackout.
Waymo has greater than $350 million in annual recurring income, in line with the FT. The corporate final raised a $5.6 billion Collection C in 2024, valuing the corporate at $45 billion.
