- Waymo, a subsidiary of Alphabet, secured $16 billion in new funding, raising its market valuation to $126 billion.
- The company operates self-driving taxi services in six U.S. cities, with plans to expand both domestically and internationally.
- Waymo aims to enter the UK market in 2026, reflecting its global ambitions in the smart mobility sector.
Waymo, the self-driving technology company and subsidiary of Alphabet, has secured $16 billion in new funding, raising its market valuation to $126 billion, reflecting the company’s rapid growth and leadership in the smart mobility sector.
In a statement released on Monday, Waymo said the latest funding round was led by new investors, including Sequoia Capital, DST Global, and Dragoneer Investment Group, noting that the new valuation includes the funds raised in this round.
Waymo continues to strengthen its commercial presence in the self-driving transportation market, currently operating fully driverless taxi services and charging fares in around six U.S. cities.
The company offers services directly through its own app in cities such as San Francisco and Los Angeles, while relying on a partnership with Uber to operate services in Austin and Atlanta. Waymo also plans to expand its operations across the U.S., in addition to entering the U.K. market in 2026.
