This funding round could raise Waymo's valuation to about 110 billion USD, a sharp increase compared to 45 billion USD in the most recent funding round. According to the Financial Times, more than 3/4 of the capital in the above funding round is expected to come from Alphabet - Waymo's parent company.
Besides Alphabet, Waymo is said to be attracting the attention of many new investors such as Dragoneer, Sequoia Capital and DST Global, along with the continued participation of existing investors, including Andreessen Horowitz and Abu Dhabi National Investment Fund Mubadala.
Talking to TechCrunch, a Waymo representative did not comment on private financial issues, but said that the company is focusing on operating with safety as the focus, while maintaining its leading technology position in the self-driving vehicle field. According to Waymo, the company has completed more than 20 million rides by self-driving taxi.
Waymo is currently expanding its operations in many cities in the US, including the launch of the service in Miami. However, the expansion process also comes with challenges, when some self-driving taxis were recorded stuck in traffic lights in a widespread power outage in San Francisco.
The Financial Times reported that Waymo is achieving annual periodic revenue of over 350 million USD. Previously, in 2024, the company raised 5.6 billion USD in Series C.
