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Waymo raises $5.6 billion to fund Austin and Atlanta expansion

Waymo's new funding will help their expansion into Austin and Atlanta.

The company is working with Uber to expand to Austin and Atlanta by the early part of next year. The company announced it’s also started offering “fully autonomous freeway operations in Phoenix and San Francisco.” Alphabet ponied up$5 billion for Waymo back in July as part of what Alphabet’s chief financial officer Ruth Porat called a “multi-year investment.” The driverless vehicle fleet logged a total of 25 million miles in July outpacing companies like Uber, which sold its self-driving unit four years ago before joining forces with Waymo.

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