(Bloomberg) — Alphabet Inc.’s self-driving unit Waymo is looking to raise about $16 billion in a financing round that would value the unit at nearly $110 billion, according to people familiar with the matter.
The parent company would provide about $13 billion for the robotaxi company, while the rest would come from other investors including Sequoia Capital, DST Global and Dragoneer Investment Group, said the sources, who asked not to be identified because the discussions are private.
According to sources, Waymo could complete the financing round in February. The previous investment round, in October 2024, valued the company at more than US$45 billion and was led by Alphabet, which also owns Google.
Opportunity with security!
“While we do not comment on private financial matters, our trajectory is clear: with more than 20 million trips completed, we are focused on the safety-driven operational excellence and technological leadership needed to meet the vast demand for autonomous mobility,” Waymo said in a statement.
Google could not immediately be reached for comment. Dragoneer, Sequoia and DST did not immediately respond to requests for comment.
Waymo operates a fully autonomous transportation service with no human safety monitor and charges riders a fare in half a dozen U.S. cities. This includes the San Francisco Bay Area, Los Angeles and rides via the Uber Technologies Inc. app in Austin and Atlanta. The startup plans to aggressively expand commercial service this year to many more American cities as well as the United Kingdom.
There are a large number of companies competing in the app transportation market using fleets of autonomous cars. Tesla Inc. plans its own service and already operates, on a limited basis and without safety monitoring, autonomous vehicles in Austin. Amazon.com Inc.’s Zoox has a specially designed robotaxi, without driver controls, that operates on the Las Vegas Strip and is being tested in other cities near San Francisco.
In December, Bloomberg reported that Waymo was looking to raise $15 billion, with a market valuation of more than $100 billion.
© 2026 Bloomberg LP
