Waymo raises $16bn to expand autonomous ride-hailing
Dragoneer, DST Global and Sequoia led the February 2026 equity round, valuing Waymo at $126bn after the investment.
Waymo announced a $16 billion investment round on February 2, 2026, led by Dragoneer Investment Group, DST Global and Sequoia Capital. Alphabet continued to back the company as its majority investor.
The financing values Waymo at $126 billion after the investment. Other participants included a16z, Mubadala Capital, Bessemer Venture Partners, Silver Lake, Tiger Global, T. Rowe Price, BDT & MSD Partners, CapitalG, Fidelity, GV, Kleiner Perkins, Perry Creek Capital and Temasek.
Waymo planned to use the capital to expand its ride-hailing operations in the US and internationally. At the announcement, it reported more than 400,000 rides a week across six US metropolitan areas and preparations to enter more cities.
Use of funds
Expand autonomous ride-hailing in US and international cities