Alphabet-led Waymo’s recent $5.6 billion funding round will accelerate its U.S. robotaxi expansion. The round saw participation from key investors, including Andreessen Horowitz, Fidelity, Perry Creek, Silver Lake, Tiger Global, and T. Rowe Price, supplementing Alphabet’s $5 billion planned investment in Waymo. Notably, Canadian investors CPP Investments and Magna declined to disclose any renewed involvement.
Despite a December 2023 software recall due to a Phoenix accident, Waymo reported a tenfold increase in paid rides over the past year. With this funding, Waymo intensifies its competition against Tesla’s upcoming robotaxi launch.
Want to know more? Check out the source code on The Logic.