Waymo raises $5.6B led by Alphabet at a valuation above $45B

Waymo

Waymo closed a $5.6 billion funding round led by Alphabet on October 25, 2024, with participation from Andreessen Horowitz, Fidelity, Silver Lake, Tiger Global and T. Rowe Price. The capital will expand Waymo One in San Francisco, Phoenix and Los Angeles, and operations in Austin and Atlanta through Uber.

• Alphabet led $5.6B round; co-investors include Andreessen Horowitz, Fidelity, Perry Creek, Silver Lake, Tiger Global, T. Rowe Price
• Waymo One provided over 100,000 paid weekly trips—10x increase year-over-year; sixth-generation Waymo Driver introduced
• Funds support expansion in San Francisco, Phoenix, Los Angeles, Austin and Atlanta via Uber partnership; fully autonomous freeway ops live in Phoenix and San Francisco