Waymo Secures $5.6 Billion Funding for Expansion of Autonomous Ride-Hailing Service
Key Points Waymo, led by Alphabet, secured $5.6 billion in funding to expand its autonomous ride-hailing service. Notable investors included Andreessen Horowitz, Fidelity, Silver Lake, Tiger Global, and T. Rowe Price. Waymo plans to grow its services in San Francisco, Phoenix, Los Angeles, Austin, and Atlanta. Alphabet committed to a multi-year, $5 billion investment plan to aid Waymo’s development. Alphabet’s autonomous driving division, Waymo, announced on Friday that it had completed a $5.6 billion funding round led by its parent...