Reported about 1 month ago
Waymo, Alphabet Inc.'s self-driving unit, achieved a milestone by raising $5.6 billion in its largest funding round to date, led by Alphabet with participation from notable firms like Andreessen Horowitz and Fidelity Investments. This investment will accelerate Waymo's development of autonomous driving technology as it expands its robotaxi services across major cities, including upcoming partnerships with Uber. The funding positions Waymo favorably among competitors in the rapidly growing autonomous vehicle market.
Source: YAHOO