Waymo has announced it has raised $16 billion in a funding round that values the company at $126 billion post-money, marking a pivotal step in scaling autonomous mobility worldwide. The round, which builds on parent company Alphabet’s ongoing majority stake, was led by Dragoneer Investment Group, DST Global and Sequoia Capital.
Waymo’s investment underscores a safety record that now outperforms human drivers, with a 90 percent drop in serious injury crashes after logging 127 million fully autonomous miles — equivalent to 260 round trips to the moon, the company said.
The past year alone saw explosive growth, with Waymo tripling its annual ride volume to 15 million in 2025 and surpassing 20 million lifetime rides. The company said it delivered more than 400,000 rides weekly across six major U.S. cities.
Waymo said the cash infusion will strengthen its global ambitions that includes launching ride-hailing in more than 20 new cities in 2026, spanning additional U.S. markets and international hubs like Tokyo and London, following a recent debut in Miami.
One thing that the company doesn’t want to see: Waymo’s Zeekr Robotaxi Crashes into Parked Cars Near Dodger Stadium. “Waymo is transitioning from Jaguar I-Pace taxis to Zeekr and Hyundai autonomous vehicles.”
