Waymo Nears Finalization of $16 Billion Funding Round Waymo is on the brink of completing a new $16 billion funding round that is set to value the autonomous vehicle company at a staggering $110 billion, as reported by the Financial Times. Interestingly, more than 75% of this funding is expected to come from Alphabet, Waymo's parent company. Waymo was originally developed within Alphabet's innovation lab, X. The Financial Times also reveals that Waymo is attracting new investors such as Dragoneer, Sequoia Capital, and DST Global, while existing supporters like Andreessen Horowitz and Abu Dhabi sovereign fund Mubadala are also participating in this funding round. When approached for a comment, a Waymo spokesperson stated, "While we do not typically discuss private financial matters, our focus remains clear: with over 20 million completed trips, we are dedicated to ensuring safety, operational excellence, and technological advancement to meet the growing demand for autonomous transportation." Waymo's recent expansion efforts, including its launch in Miami, have been marked by rapid growth. However, challenges have arisen, such as a situation where several robotaxis experienced issues at traffic lights during a blackout in San Francisco. According to the Financial Times, Waymo currently generates over $350 million in annual recurring revenue. The company's most recent funding round was a $5.6 billion Series C in 2024, which valued Waymo at $45 billion.
