Waymo Nears Completion of $16 Billion Funding Round
Waymo, the leading robotaxi company, is on the verge of finalizing a new $16 billion funding round that will place the company’s valuation at $110 billion, as reported by the Financial Times. The majority of this funding is expected to come from Alphabet, Waymo’s parent company, where it was initially developed as part of Alphabet’s innovation lab X.
New investors Dragoneer, Sequoia Capital, and DST Global are also set to join the funding round, alongside existing backers Andreessen Horowitz and Abu Dhabi sovereign fund Mubadala, according to the FT.
Responding to inquiries from JS, a Waymo spokesperson stated, “While we don’t comment on private financial matters, our trajectory is clear: with over 20 million trips completed, we are focused on the safety-led operational excellence and technological leadership required to meet the vast demand for autonomous mobility.”
The company’s expansion efforts include a recent launch in Miami, although it has faced challenges such as robotaxis experiencing issues at traffic lights during a blackout in San Francisco.
With an annual recurring revenue exceeding $350 million, Waymo’s growth trajectory remains strong. The company previously raised $5.6 billion in a Series C funding round in 2024, valuing the company at $45 billion.
