Waymo raised $ 2.25 billion

Waymo raised $ 2.25 billion
Waymo raised $ 2.25 billion

Waymo, Alphabet’s unmanned car development subsidiary, raised $ 2.25 billion, Engadget reports. This is Waymo’s first external investment.

The round was led by Silver Lake and Mubadala investment companies, as well as the Canada Pension Plan Investment Board. In addition, Waymo was supported by one of the world’s largest auto parts manufacturers Magna International, a leading US auto dealer, AutoNation, venture capital fund Andreessen Horowitz and Alphabet.

Waymo will direct the funds received to expand the staff, develop technology and business. This, according to the company’s CEO John Kravchik, will help her bring Waymo Driver’s autonomous driving system to the global market. To date, Waymo drones have driven over 20 million kilometers in more than 25 cities, and more than 10 billion kilometers the system drove in a simulator.

The success of the team and the dedication to make roads safe were noted by Google and Alphabet CEO Sundar Pichai on Twitter.

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