"In the age of AI, self-driving is one of the fastest-moving vehicle technologies. But to move fastand to do it safelycompanies need to throw gobs of cash at the problem. That's why it's so important for companies like Waymo to stuff their pockets. To be clear, Waymo doesn't need cash because it's failing. But a huge cash infusion will help it do one of the hardest things that any growing company, regardless of industry, needs to do: scale."
"Waymo just got a cool $16 billion added to its bank account as part of a new round of funding, which is about triple the amount it raised the last time it hit up outside investors in 2024. The round, announced on Monday, values the Alphabet-owned autonomous vehicle company at $126 billion. The pitch this time is that Waymo needs to grow, and it needs to do it quickly."
Waymo raised $16 billion in a funding round that values the company at $126 billion, far exceeding its 2024 raise. Major investors include Alphabet, Andreessen Horowitz, T. Rowe Price, Sequoia Capital, Silver Lake and Dragoneer. The capital will fund fleet growth, additional hiring and expansion of driverless taxi service into over 20 additional cities in 2026, including Tokyo and London. The company frames the effort as moving from proving a concept to scaling a commercial reality while maintaining industry-leading safety standards. Scaling self-driving requires substantial cash to move quickly and operate safely. Additional industry notes mention Musk's consolidation and a proposed California EV tax incentive.
Read at insideevs.com
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