Hyperdrive
Alphabet’s Waymo Valued Above $45 Billion After Funding
- Waymo raised $5.6 billion to expand self-driving business
- Company is rapidly increasing number of ride-hailing trips
Waymo, Alphabet Inc.’s autonomous driving unit, was valued at more than $45 billion, including its latest round of financing, according to people familiar with the matter.
The business said late last week that it had raised $5.6 billion in new capital at an undisclosed value. The financing was led by Alphabet, which also owns Google, but included outside investors. Representatives for Waymo didn’t immediately respond to a request for comment.