Waymo recently secured an “oversubscribed investment round” amounting to $5.6 billion, with the majority coming from Google’s parent company Alphabet. This funding will support Waymo’s collaboration with Uber to expand its services to Austin and Atlanta by early 2025. In total, Waymo has raised $11.1 billion, including previous rounds in 2020 and 2021. The company currently operates in San Francisco, Los Angeles, and Phoenix, providing curbside transport services and autonomous freeway operations. The new funding will also advance Waymo One, an autonomous driving system for various businesses. Alphabet’s investment in Waymo in July, as part of a multi-year commitment, reflects the company’s progress in driverless technology, evidenced by their fleet logging 25 million miles in July. This surpasses competitors like Uber, which sold its self-driving unit four years ago before partnering with Waymo.
