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00:03Alphabet's autonomous driving unit, Waymo, is seeking to raise about $16 billion in a financing
00:08round that would value the company at nearly $110 billion, according to Bloomberg.
00:13Alphabet would contribute about $13 billion, with the remainder coming from other investors,
00:18including Sequoia Capital, DST Global, Dragoneer Investment Group, and Mubadala Capital.
00:25The funding round could close in February.
00:27Waymo's prior investment round in October 2024 valued the company above $45 billion
00:32and was led by Alphabet, which also owns Google.
00:37Waymo said it has completed more than 20 million trips and operates fully autonomous ride-hailing
00:42services without a human safety monitor in several U.S. cities.
00:46For all things money, visit Benzinga.com.
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