Reported about 1 month ago
Waymo, Alphabet's self-driving unit, has successfully closed a $5.6 billion funding round led by its parent company to enhance its autonomous ride-hailing services. The investment aims to expand operations in cities such as San Francisco, Phoenix, Los Angeles, Austin, and Atlanta, in collaboration with Uber. Existing investors including Andreessen Horowitz and Fidelity also participated, as the sector faces skepticism and regulatory challenges while striving for commercial success.
Source: YAHOO