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Waymo just raised $5.6 billion to spread robotaxis to more cities

A big show of confidence in the robotaxi company

The company said it will use the funds to support its robotaxi business in its current markets of San Francisco, Los Angeles, and Phoenix, as well as bring it to new cities, like Austin and Atlanta, where its vehicles will be available exclusively on the Uber app. The funding round was led by Waymo’s parent company Alphabet, and included investors like Andreessen Horowitz, Fidelity, Perry Creek, Silver Lake, Tiger Global, and T. Rowe Price. “The company has built the safest product in the autonomous vehicle ecosystem as well as the best,” said Chase Coleman, founder of Tiger Global, in a statement provided by Waymo

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