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Waymo Nears $16 Billion Raise Valuing Unit at About $110 Billion, Reports Say

Alphabet’s expected majority investment signals a deeper commitment to scaling the robotaxi business.

Overview

  • People familiar with the talks say the round is roughly $16 billion and would value Waymo near $110 billion, according to Bloomberg and the Financial Times.
  • Alphabet is expected to provide about $13 billion, with the balance from outside investors, Bloomberg reported.
  • The Financial Times reports new backers include Dragoneer, Sequoia Capital and DST Global, with Andreessen Horowitz and Mubadala also participating.
  • Waymo declined to comment on private financial details and said it has completed more than 20 million trips while prioritizing safety-led operational excellence.
  • The FT cites annual recurring revenue above $350 million, and TechCrunch notes the prior $5.6 billion round in 2024 valued Waymo at about $45 billion.