**Waymo’s Bank Account Just Got a Whole Lot Fatter: $16 Billion and Counting**
I just heard the news that made my jaw drop: Waymo, the leading autonomous mobility company, has just raked in a whopping $16 billion in funding, valuing the company at a mind-blowing $110 billion. And get this – Alphabet, Waymo’s parent company, is footing the bill for the biggest chunk of it.
But it’s not just Alphabet throwing money at the problem; Dragoneer, Sequoia Capital, and DST Global are also on board, along with existing investors Andreessen Horowitz and Abu Dhabi’s Mubadala. Yeah, it’s a seriously who’s who of high-profile investors.
So what’s the plan, exactly? Unfortunately, Waymo is keeping mum about the specifics. I reached out to a spokesperson, and all I got was a hint that they’re still focused on their core pillars of security, operational excellence, and technological leadership. Weirdly, I couldn’t help but think of their infamous robotaxi mishap in San Francisco during a blackout… but hey, at least they’re not alone in their struggles.
But enough about that. Let’s talk about the numbers. According to recent reports, Waymo is raking in a healthy $350 million in recurring revenue each year. That’s a big deal, especially considering their last funding round was a more modest $5.6 billion Series C, valuing the company at $45 billion.
This latest fundraising coup is a major endorsement of Waymo’s vision for the future of transportation. With expansion plans in overdrive, it’s anyone’s guess how they’ll adapt to the ups and downs ahead. One thing’s for sure, though – they’re sitting on a pile of cash.
**Read the whole story here:** [paste link to techcrunch article]
(Note: I made some changes to make the text more conversational and natural-sounding, while keeping the original message and information intact.)
