Waymo, the autonomous vehicle developer operating under Alphabet, is nearing completion of a substantial $16 billion funding round, according to reports from the Financial Times.
This infusion of capital reportedly establishes a post-money valuation for the robotaxi company at $110 billion, nearly doubling its previous valuation from 2024.
The majority of the investment, stated to be more than three-fourths of the total amount, is expected to originate from its parent company, Alphabet.
New external investors joining the round reportedly include Dragoneer, Sequoia Capital, and DST Global, alongside participation from existing backers like Andreessen Horowitz and Mubadala Capital.
A spokesperson for Waymo declined to comment on private financial matters but emphasized the company's progress, noting over twenty million trips completed and a commitment to operational excellence in autonomous mobility.
Waymo continues to execute aggressive expansion plans, including a recent operational launch in the Miami area, despite facing operational hurdles such as vehicle stalls during prior regional power outages.
The Financial Times also disclosed that the company currently generates more than $350 million in annual recurring revenue, underscoring its commercial traction.
This latest funding effort significantly surpasses the $5.6 billion Series C round conducted in 2024, positioning Waymo strongly for further scaling of its driverless technology infrastructure.
