Waymo Seeks $16B Funding Round, Valuation Nears $110B

Waymo, Alphabet's self-driving unit, is seeking to raise approximately $16 billion at a valuation of nearly $110 billion. According to sources familiar with the matter, Alphabet—the parent company of Google—will contribute about $13 billion, with the remainder coming from both existing and new investors, including Sequoia Capital, DST Global, and Dragoneer Investment Group. If all goes smoothly, the funding round is expected to close in February 2025. Notably, Waymo was valued at just over $45 billion in its previous funding round in October 2024, highlighting a significant jump in valuation that underscores strong investor confidence in the future of its robotaxi business.