A Waymo automobile exits a charging lot on Jan. 15, 2026 in Austin, Texas.
Brandon Bell | Getty Photos
Alphabet‘s self-driving automobile unit Waymo on Monday mentioned it raised a $16 billion funding spherical that values the corporate at $126 billion “post-money.”
The brand new funding is the newest transfer by Alphabet to fund Waymo’s continued growth to extra markets.
The brand new valuation is greater than double what Waymo notched after its final funding spherical in October 2024. That was a sequence C spherical of $5.6 billion at a $45 billion valuation. Alphabet dedicated $5 billion in a multiyear funding to Waymo on the time.
“This milestone is constructed on a basis of security that’s now statistically superior to human driving,” Waymo co-CEOs Tekedra Mawakana and Dmitri Dolgov wrote in a weblog submit. “We’re not proving an idea; we’re scaling a business actuality.”
The most recent funding spherical was led by Alphabet alongside earlier backers, together with Andreessen Horowitz, Constancy, Perry Creek, Silver Lake, Tiger World and T. Rowe Value. The brand new spherical contains extra buyers resembling Dragoneer Funding Group, DST World, Sequoia Capital, Kleiner Perkins and Alphabet-owned funding agency GV.
Alphabet itself is the “majority investor,” in response to the weblog.
The brand new capital will assist the corporate transfer “with unprecedented velocity, whereas sustaining our industry-leading security requirements,” Waymo mentioned. “Our focus is now on world scale, bringing the security and magic of the Waymo Driver to much more cities this yr throughout the USA and worldwide.”
CNBC beforehand reported that the Google sister firm was set to boost at the very least $15 billion at a valuation of $110 billion.
Waymo’s robotaxi service at the moment operates within the markets of Austin, the San Francisco Bay Space, Phoenix, Atlanta, Los Angeles and Miami, the place it started providing service in January. The corporate served 15 million journeys in 2025, Waymo mentioned in Monday’s weblog.
In 2026, Waymo plans to open service in Dallas, Denver, Detroit, Houston, Las Vegas, Miami, Nashville, Orlando, San Antonio, San Diego and Washington. It additionally plans to increase to London, its first worldwide market.
The corporate has begun going through challenges because it quickly expands.
Waymo issued a software program recall in December for its automobiles after Texas officers mentioned the robotaxis illegally handed college buses at the very least 19 occasions because the begin of the varsity yr, and final month, Waymo struck a toddler close to an elementary college in Santa Monica, California. The incident is underneath investigation by the Nationwide Freeway Site visitors Security Administration.
WATCH: 2025: The yr that the robotaxi went mainstream with Waymo main the pack
