Waymo (WAYMO) is planning to raise approximately $15B in a financing round that would give the autonomous driving unit of Alphabet (GOOGL) (GOOG) a valuation of around $110B, Bloomberg reported on Saturday, citing people familiar with the matter.
The robotaxi firm is expected to receive about $13B from its parent. Other investors, including Sequoia Capital, DST Global, and Dragoneer Investment Group, will provide the rest, the people said, asking for anonymity as discussions haven’t yet been made public.
Waymo’s (WAYMO) prior funding round, which was also led by Alphabet (GOOG) (GOOGL), valued the company at more than $45B in October 2024.
“While we don’t comment on private financial matters, our trajectory is clear: With over 20 million trips completed, we are focused on the safety-led operational excellence and technological leadership required to meet the vast demand for autonomous mobility,” the company said.
In December, Bloomberg reported that Waymo (WAYMO) is planning to conduct an Alphabet (GOOG)-led financing round to raise more than $15B at a valuation nearing $100B.