Waymo announces $2.5B funding round

Wednesday, 16. June 2021 15:57

Alphabet Inc.'s subsidiary Waymo LLC raised $2.5 billion in an investment round, the self-driving company said on Wednesday.

Financiers include its parent firm, as well as Andreessen Horowitz, Silver Lake, Fidelity Management & Research Co., and others.

Waymo stated that it will use the funding to continue advancing the Waymo Driver, its autonomous driving tech, as well as to expand its team.

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Breaking the News / MD