Waymo Valued at $126B as Co-CEOs Accelerate Robotaxi Expansion

Tekedra Mawakana heads Waymo alongside co-CEO Dmitri Dolgov. Photo by Ian Maule/AFP via Getty Images

Waymo, a leader in autonomous driving, has secured $16 billion in fresh funding, valuing the company at a whopping $126 billion—nearly three times its most recent valuation of $45 billion in 2024. “This infusion of capital will ensure we are positioned to move forward with unprecedented velocity,” Waymo’s co-CEOs Tekedra Mawakana and Dmitri Dolgov said in a joint blog post yesterday (Feb. 2).

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Waymo was spun out of Google in 2016 and now operates as a subsidiary of Google’s parent company, Alphabet. Alphabet remains Waymo’s “majority investor,” the company said. In addition to Alphabet’s “strong sustained........

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