Overview
- People familiar with the talks say the round totals roughly $16 billion and would value the Alphabet unit near $110 billion.
- Alphabet is expected to contribute about $13 billion, with Sequoia Capital, DST Global, and Dragoneer among additional investors, according to reports.
- Existing backers Andreessen Horowitz and Abu Dhabi’s Mubadala are also slated to participate, the Financial Times reports.
- Waymo declined to discuss private finances, saying it has completed more than 20 million trips and remains focused on safety-led operations.
- The Financial Times reports annual recurring revenue above $350 million and notes recent expansion to Miami, as U.S. regulators probe an incident in which a Waymo vehicle struck a child with minor injuries.