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Feb 3, 2026 4:00 AM

Alphabet-Backed Waymo's Valuation Touches $126 Billion After Latest Fundraise To Fuel Robotaxi Expansion

Alphabet Inc’s (NASDAQ:GOOGL) (NASDAQ:GOOGL) self-driving car unit Waymo said on Monday it has raised $16 billion in a new funding round that values the company at about $126 billion, underpinning growing investor confidence in commercial autonomous vehicle services.

The financing round was led by Dragoneer Investment Group, DST Global, and Sequoia Capital, with additional participation from Mubadala Capital, Andreessen Horowitz, T. Rowe Price, and other institutional investors, according to Waymo. Alphabet remains the majority shareholder.

Robotaxi Expansion Gets A Boost

The raise is one of the largest private investment rounds ever for an autonomous vehicle business, more than tripling Waymo’s valuation from roughly $45 billion ...