Waymo closed an oversubscribed investment round of $5.6 billion, led by Alphabet, with continued participation from Andreessen Horowitz, Fidelity, Perry Creek, Silver Lake, Tiger Global, and T. Rowe Price.

Waymo said it will use this latest investment to welcome more riders into the Waymo One ride-hailing service in San Francisco, Phoenix, and Los Angeles, and in Austin and Atlanta through an expanded partnership with Uber. The company will also continue advancing the Waymo Driver AI-powered autonomous driving system to support a variety of business applications over time. The recently introduced the 6^th-generation Waymo Driver is optimized for cost and enhanced capabilities.

Over the past year, Waymo has expanded Waymo One service areas in San Francisco, Los Angeles, and Phoenix, including providing curbside service at Sky Harbor International Airport. Through an expanded partnership with Uber in Austin and Atlanta, Waymo will begin to serve riders in those cities in 2025. Waymo has begun fully autonomous freeway operations in Phoenix and San Francisco. These efforts have enabled the company to provide more than 100,000 paid weekly trips—a tenfold increase from last year.

Waymo is also testing its system in more complex environments through road trips to cities such as Buffalo, New York, and Washington, D.C.