Waymo Raises $16 Billion, Valuation Reaches $126 Billion

Alphabet's autonomous vehicle unit Waymo announced on Monday that it has secured $16 billion in fresh funding, boosting its valuation to $126 billion and underscoring investor enthusiasm for driverless technology. The round, led by Dragoneer Investment Group, DST Global, and Sequoia Capital, included participation from Andreessen Horowitz, Mubadala Capital, T. Rowe Price, Bessemer Venture Partners, Silver Lake, Tiger Global, and others. Parent company Alphabet contributed significantly, retaining its majority stake.

The capital infusion arrives as Waymo accelerates its commercial rollout of robotaxi services across the United States. Operating the only paid, fully driverless ride-hailing fleet in the country, Waymo provided 400,000 rides per week in 2025, tripling its volume to 15 million trips that year and surpassing 20 million lifetime rides. Its fleet of more than 2,500 vehicles serves six major metropolitan areas: San Francisco, Los Angeles, Phoenix, Austin, Atlanta, and Miami. Riders can book through Waymo's app or, in Austin and Atlanta, via partnerships with Uber.

Waymo originated from Google's self-driving car project, which began testing on public roads in Silicon...