Waymo is finalizing a new $16 billion funding round, with Alphabet as the main investor, valuing the company at $110 billion. New investors Dragoneer, Sequoia Capital, and DST Global are also joining. Waymo has over $350 million in annual revenue and completed 20 million trips, focusing on autonomous mobility safety and excellence. The company recently launched in Miami but faced challenges with robotaxis stalling in a San Francisco blackout. In 2024, Waymo raised $5.6 billion in a Series C round, valuing the company at $45 billion.

Read more at Yahoo Finance: Waymo reportedly raising a $16B funding round