Waymo secures $5.6B funding for expansion and partnerships, raising total capital to $11.1B.

Waymo, Alphabet's self-driving unit, has secured $5.6 billion in funding, led by its parent company, to enhance its autonomous ride-hailing service, Waymo One. The investment will facilitate expansion in cities like San Francisco, Phoenix, Los Angeles, Austin, and Atlanta, including a partnership with Uber. This funding round increases Waymo's total capital raised to $11.1 billion, underscoring strong investor confidence in its technology and market potential.

October 25, 2024
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