Funding Round Overview
Waymo is close to closing a $16 billion financing round that lifts the robotaxi company’s valuation to roughly $110 billion, according to the Financial Times.
Key Investors
- Alphabet (major shareholder and parent company)
- Dragoneer Investment Management
- Sequoia Capital
- DST Global
- Andreessen Horowitz (existing backer)
- Mubadala Investment Company (UAE sovereign fund, existing backer)
Company Growth and Challenges
The capital infusion comes as Waymo expands its service footprint, most recently launching in Miami. Rapid growth has also exposed operational hiccups, such as several robotaxis stalling at traffic lights during a citywide blackout in San Francisco.
Financial Highlights
- Annual recurring revenue exceeds $350 million.
- Previous Series C raised $5.6 billion in 2024, valuing Waymo at $45 billion.
- New round adds $16 billion, more than three‑quarters sourced from Alphabet.