Waymo – Alphabet’s driving technology company scoops $2.25 Bn from Mubadala & others

Waymo, the autonomous driving technology company by Google's parent Alphabet on Monday made the announcement of its latest funding of $2.25 billion

Waymo, the autonomous driving technology company by Google’s parent Alphabet on Monday made the announcement of its latest funding of $2.25 billion led by Silver Lake (US), Canada Pension Plan Investment Board, and Mubadala Investment Company (UAE); with participation from other backers including Magna International, Andreessen Horowitz, AutoNation, and Alphabet itself.

This is the first external funding round for Waymo which will help the company to accelerate its former Google car unit and deploy autonomous cars and trucks.

Commenting on the investment round, John Krafcik, CEO of Waymo said…

JOIN US TO STAY UPDATED ON YOUR FAVORITE MESSENGER APP!

WhatsApp
Telegram

“Today, we’re expanding that team, adding financial investors and important strategic partners who bring decades of experience investing in and supporting successful technology companies building transformative products.”

Interesting Read: Startup Glossary – 40+ Startup Terms Every Startup Founder & Entrepreneur Should Know

Giving a glimpse to the utilisation of funds, Krafcik added…

“we’ll deepen our investment in our people, our technology, and our operations, all in support of the deployment of the Waymo Driver around the world.”

Waymo – At present

Waymo is operating an autonomous rideshare pilot program in Arizona, with some of the rides without any human driver. The company has also announced new tests in the US states including Texas and New Mexico. The company is utilising the same autonomous technology for self-driving trucks that haul the cargo bound for Alphabet data centres in Georgia.

The company in a recent statement revealed that the Waymo driver technology has logged more than 20 million miles on public roads across over 25 cities, and over 10 billion miles in simulation.


As part of our ongoing support for startups and SMEs, LAFFAZ Media publishes feature and resource articles that may include references and links to external websites. These inclusions are selected at our editorial discretion to provide valuable information to our readers. LAFFAZ Media does not control, endorse, or assume responsibility for the content or practices of external websites. For more details, please refer to our Terms and Conditions.

Mohammed Haseeb
Mohammed Haseeb

Founder and Editor-in-Chief of LAFFAZ Media, Haseeb is a self-taught business journalist with extensive experience in the business media industry. A tech enthusiast, digital marketer, and critical thinker, he brings startup news, inspiring stories, and exclusive conversations with founders and ecosystem enablers to a global audience. Over the years, he has collaborated with more than 50 startups across India, UAE, UK, US, and Canada, crafting impactful brand marketing strategies. Known for delivering sharp insights on startup ecosystem trends, Haseeb is dedicated to empowering entrepreneurs and driving growth in the digital economy.

Articles: 195