Waymo Reportedly Raising $16 Billion Funding Round

The autonomous driving company is seeking to expand its robotaxi operations.

Jan. 31, 2026 at 4:15pm by Ben Kaplan

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Waymo, the autonomous driving company owned by Alphabet, is reportedly finalizing a new $16 billion funding round that will value the company at $110 billion. The majority of the funding is expected to come from Alphabet, Waymo's parent company, with additional investments from new and existing investors.

Why it matters

This massive funding round signals Waymo's ambitions to rapidly scale its robotaxi operations and solidify its position as a leader in the autonomous vehicle industry. The influx of capital will allow Waymo to invest in expanding its fleet, improving its technology, and navigating regulatory hurdles as it seeks to bring self-driving cars to more cities.

The details

According to the Financial Times, more than three-fourths of the $16 billion funding will come from Alphabet, Waymo's parent company. The company is also bringing on new investors Dragoneer, Sequoia Capital, and DST Global, while existing backers Andreessen Horowitz and Abu Dhabi sovereign fund Mubadala will also participate in the round. Waymo has already expanded to Miami and is focused on 'safety-led operational excellence and technological leadership' to meet the growing demand for autonomous mobility.

  • Waymo last raised a $5.6 billion Series C in 2024, valuing the company at $45 billion.

The players

Waymo

An autonomous driving company and a subsidiary of Alphabet Inc., Google's parent company.

Alphabet

The parent company of Google and the majority investor in Waymo's $16 billion funding round.

Dragoneer

A new investor participating in Waymo's $16 billion funding round.

Sequoia Capital

A new investor participating in Waymo's $16 billion funding round.

DST Global

A new investor participating in Waymo's $16 billion funding round.

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The takeaway

Waymo's massive $16 billion funding round underscores the company's ambition to become a dominant player in the autonomous vehicle industry. The influx of capital will allow Waymo to accelerate its expansion and solidify its technological leadership, as it seeks to bring self-driving cars to more cities and meet the growing demand for autonomous mobility.