00:00It's Benzinga bringing Wall Street to Main Street
00:02Alphabet's self-driving unit Waymo said Monday it raised $16 billion in a funding round valuing
00:08the company at $126 billion post-money. Alphabet led the round and remains the majority investor.
00:15The valuation more than doubled from October 2024 when Waymo raised $5.6 billion at a $45
00:22billion valuation and Alphabet committed $5 billion in a multi-year investment.
00:26Waymo said the new capital will support expansion to more markets in the U.S. and internationally.
00:32The company's Robotaxi service operates in Austin, the San Francisco Bay Area, Phoenix,
00:37Atlanta, Los Angeles, and Miami and serve 15 million trips in 2025. Waymo plans to launch
00:44service in multiple U.S. cities in 2026 and expand to London. The company faces scrutiny
00:49after a December software recall in Texas and a January crash under federal investigation.
00:54For all things money, visit Benzinga.com.
Comments