Waymo reportedly raising a $16 billion funding round

Waymo is reportedly raising a $16 billion funding round that would value the autonomous vehicle company at $110 billion, according to the Financial Times. The majority of this funding—over 75%—is expected to come from Alphabet, Waymo’s parent company. New investors in this round include Dragoneer, Sequoia Capital, and DST Global, while existing backers such as Andreessen Horowitz and the Abu Dhabi sovereign fund Mubadala are also participating. Waymo has completed over 20 million trips and is focused on safety, operational excellence, and technological leadership to meet growing demand for autonomous mobility. The company is rapidly expanding, although it has faced challenges such as robotaxis being affected during a San Francisco blackout. Waymo currently generates more than $350 million in annual recurring revenue. Its previous funding round valued the company at $45 billion, indicating significant growth and increased investor confidence in its business and technology.