Waymo Valuation Soars to $126B on $16B Funding Round

Waymo, Alphabet’s (GOOGL) autonomous driving unit, has raised $16 billion in a new funding round, catapulting its valuation to $126 billion—nearly triple its $45 billion valuation in 2024. The investment was led by Dragoneer Investment Group, DST Global, and Sequoia Capital, with participation from Mubadala Capital, Andreessen Horowitz, and T. Rowe Price. The company reported 15 million total rides in 2025, offering about 400,000 weekly trips across six major U.S. metropolitan areas. Waymo remains the only U.S. operator providing fully driverless, paid robotaxi services without onboard safety personnel. However, competition is intensifying: Tesla (TSLA) has prioritized its Robotaxi initiative, while Amazon’s (AMZN) Zoox offers free public rides in parts of Las Vegas and San Francisco. The National Highway Traffic Safety Administration is investigating a recent incident in California where a Waymo vehicle struck a child near a school.