Waymo (WAYMO), the autonomous driving arm of Alphabet (GOOG) (GOOGL), has raised $16B in a new funding round, boosting its post-money valuation to $126B.
“This infusion of capital will ensure we are positioned to move forward with unprecedented velocity, while maintaining our industry-leading safety standards. Our focus is now on global scale, bringing the safety and magic of the Waymo Driver to even more cities this year across the United States and internationally,” the company said.
In addition to Alphabet’s sustained support as the majority investor, the financing was led by Dragoneer Investment Group, DST Global, and Sequoia Capital and included significant investments from Andreessen Horowitz and Mubadala Capital as well as Bessemer Venture Partners, Silver Lake, Tiger Global, and T. Rowe Price.
Additional investors included BDT & MSD Partners, CapitalG, Fidelity Management & Research Company, GV, Kleiner Perkins, Perry Creek Capital, and Temasek.
Waymo’s (WAYMO) autonomous ride-hailing services are currently live across major U.S. markets, including the San Francisco Bay Area, Los Angeles, Phoenix, Austin, Miami, and Atlanta. Looking ahead to 2026, the company plans to expand autonomous ride-hailing to 20 additional cities, including international markets such as Tokyo and London.
In 2025 alone, Waymo more than tripled its annual ride volume to 15M, pushing lifetime rides past 20M and widening its lead over competitors like Uber (UBER), Lyft (LYFT), Tesla (TSLA), and Zoox (AMZN).
Its previous funding round—led by Alphabet—valued the company at over $45B in October 2024, highlighting the rapid acceleration in both scale and valuation since then.