Series C · Mobility
Waymo closes $5.6bn investment round led by Alphabet
The October 2024 financing supports more Waymo One riders and continued development of the autonomous driving system.
Waymo closed an oversubscribed $5.6 billion financing on October 25, 2024, led by Alphabet. Returning investors included Andreessen Horowitz, Fidelity, Perry Creek, Silver Lake, Tiger Global and T. Rowe Price.
The company planned to expand Waymo One in San Francisco, Phoenix and Los Angeles, and enter Austin and Atlanta through its partnership with Uber. The funding also supported further development of the Waymo Driver for additional business applications.
Use of funds
Expand Waymo One service
Advance autonomous driving technology