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Waymo Secures $16 Billion to Expand Global Autonomous Mobility

2/4/2026

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Summary

Story summary

Waymo LLC, the Alphabet-backed autonomous mobility company, announced on February 3, 2026, that it raised $16 billion from Alphabet and major venture capital firms, increasing its valuation to $126 billion.
Co-CEOs Tekedra Mawakana and Dmitri Dolgov described the funding as a turning point for large-scale autonomous mobility.
Waymo plans to expand from 10 to about 20 U.S. cities and add London and Tokyo within a year.

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Story summary

Waymo LLC, the Alphabet-backed autonomous mobility company, announced on February 3, 2026, that it raised $16 billion from Alphabet and major venture capital firms, increasing its valuation to $126 billion.
Co-CEOs Tekedra Mawakana and Dmitri Dolgov described the funding as a turning point for large-scale autonomous mobility.
Waymo plans to expand from 10 to about 20 U.S. cities and add London and Tokyo within a year.