Waymo reportedly raising a $16 billion funding round

In Brief

Waymo has nearly finalized a caller $16 cardinal backing round that volition worth the robotaxi institution astatine $110 billion, according to the Financial Times.

More than three-fourths of that backing volition reportedly travel from a root adjacent to location — Alphabet, wherever Waymo is simply a subsidiary. (The institution was incubated arsenic portion of Alphabet’s “moonshot factory” X.)

The FT reports that Waymo is bringing connected caller investors Dragoneer, Sequoia Capital, and DST Global, with existing backers Andreessen Horowitz and Abu Dhabi sovereign money Mubadala besides participating successful the round.

When contacted by TechCrunch, a institution spokesperson said successful a statement, “While we don’t remark connected backstage fiscal matters, our trajectory is clear: with implicit 20 cardinal trips completed, we are focused connected the safety-led operational excellence and technological enactment required to conscionable the immense request for autonomous mobility.”

The institution is expanding quickly, including with a caller motorboat successful Miami. That maturation has travel with immoderate challenges, including a fig of robotaxis that stalled astatine postulation lights during a wide San Francisco blackout.

Waymo has much than $350 cardinal successful yearly recurring revenue, according to the FT. The institution past raised a $5.6 cardinal Series C successful 2024, valuing the institution astatine $45 billion.

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