- June 17, 2021
- Posted by: Stratford Team
- Category: Business
Check out what’s clicking on FoxBusiness.com.
Alphabet’s Waymo has raised $2.5 billion in fresh capital from investors.
In addition to the Google parent company, investors that participated in the autonomous driving unit’s latest funding round include Andreessen Horowitz, AutoNation, Canada Pension Plan Investment Board, Fidelity Management & Research Company, Magna International, Mubadala Investment Company, Perry Creek Capital, Silver Lake, funds and accounts advised by T. Rowe Price Associates Inc., Temasek and Tiger Global.
Waymo had raised $2.25 billion in its first external investment round back in March 2020, which was later revised to $3.2 billion as of the end of June 2020. The company did not disclose its latest valuation in Wednesday’s funding announcement.
GM BOOSTING ELECTRIC AND AUTONOMOUS VEHICLE SPENDING TO $35 BILLION, TWO NEW FACTORIES PLANNED
The latest funding round marks the first since the departure of former CEO John…
