Waymo said it has raised $16 billion in a new funding round that values the autonomous driving company at $126 billion post-money, signaling growing investor confidence in self-driving technology at commercial scale.
The round was led by Dragoneer Investment Group, DST Global and Sequoia Capital, with participation from Andreessen Horowitz, Mubadala Capital, Bessemer Venture Partners, Silver Lake, Tiger Global and T. Rowe Price, among others. Alphabet remains Waymo’s majority investor.
Waymo said the funding follows rapid growth and improved safety performance. The company reported more than 127 million miles of fully autonomous driving and said its vehicles have achieved a 90% reduction in serious injury crashes compared with human drivers. In 2025, Waymo said it tripled annual ride volume to 15 million rides, surpassing 20 million lifetime rides.
The company currently provides more than 400,000 paid rides each week across six U.S. cities and plans to expand ride-hailing operations to more than 20 additional cities in 2026, including Tokyo and London.