Waymo has boosted its Alphabet, Magna International and AutoNation-backed funding round to $3bn following a $750m extension provided by new investors including Fidelity.
Waymo, a US-based autonomous driving technology spinoff from technology conglomerate Alphabet, collected $750m in an extension yesterday to bring its round, already backed by corporates Magna International and AutoNation, to $3bn.
The extension was supplied by financial services and investment group Fidelity as well as funds and accounts advised by T. Rowe Price, Perry Creek Capital and a range of unnamed new backers.
Waymo obtained an initial $2.25bn tranche in March 2020 from Alphabet, automotive component manufacturer Magna International,…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
