Waymo is a leading autonomous driving technology company dedicated to developing fully autonomous driving systems that aim to deliver safer and more efficient transportation solutions for urban areas. Combining advanced hardware and software, Waymo uses LiDAR, cameras, and radar to create a 360-degree view, enabling vehicles to navigate complex environments and make real-time decisions.
Waymo recently raised $5.6 billion in a Series C funding round, increasing its valuation to $45 billion. The round was led by Google parent Alphabet and saw participation from venture capital firm Andreessen Horowitz and big-name finance groups Fidelity Investments, T. Rowe Price Group, and others. The new influx of capital will accelerate Waymo’s plans to expand its service footprint and enhance the technology behind its self-driving vehicles.
Waymo, Mountain View, California, United States, was founded in 2009 by Anthony Levandowski and Sebastian Thrun. As Waymo continues to expand its service areas, it is also exploring partnerships across various sectors, including ride-hailing, logistics, and public transportation. The company envisions a future where self-driving taxis become an integral part of urban mobility, reducing traffic congestion and emissions.
Waymo Achieves a $45 Billion Valuation