Waymo Secures $16 Billion Funding Round at $126 Billion Valuation

Waymo, Alphabet Inc.’s autonomous driving unit, has raised $16 billion in new funding at a $126 billion valuation, marking one of the largest private financing rounds for a U.S. tech company. The investment includes commitments from major institutional investors and strategic partners, signaling strong confidence in its commercial robotaxi deployment. The capital infusion comes as Waymo accelerates expansion of its driverless ride-hailing service across U.S. cities, including Los Angeles, Austin, and Phoenix. Alphabet (GOOGL) retains majority ownership, though the round introduces new outside stakeholders. Waymo reported over 10 million rider-only trips completed as of January 2026, with revenue growth driven by its Waymo One service and logistics partnerships.