Hyperdrive
Waymo’s New CEOs Say Self-Driving Unit Eyes Outside Funding
- Dolgov, Mawakana working with regulators on autonomous cars
- Pair named in April after John Krafcik led Waymo since 2015
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Waymo, the prized self-driving arm of Alphabet Inc., is looking to nab further outside investment and make acquisitions of its own, the company’s new chief executive officers said.
Last year, Waymo raised a $2.25 billion initial financing round from investors including Silver Lake, which later expanded to $3.25 billion. That marked the first injection of capital from outside Waymo’s parent company, coming as rivals have consolidated and plowed funds into autonomous driving tech. “Going forward, we are open to having those same sort of conversations with parties beyond Alphabet,” Dmitri Dolgov, Waymo co-CEO, said Thursday in an interview on Bloomberg Television. Dolgov was joined by Tekedra Mawakana, the company’s other new co-CEO.