Waymo has completed a $16 billion funding round that values ​​the self-driving company at $126 billion post-money.

The investment was led by Dragoneer Investment Group, DST Global and Sequoia Capital.

Its parent Alphabet remains the largest shareholder, while Andreessen Horowitz and Mubadala Capital also participated.

Other backers included Bessemer Venture Partners, Silver Lake, Tiger Global, T Rowe Price, BDT & MSD Partners, CapitalG, Fidelity Management & Research Company, GV, Kleiner Perkins, Perry Creek Capital and Temasek.

The company said it intends to begin ride-hailing services in more than 20 additional cities by 2026, including Tokyo and London, and cited its recent entry in Miami as part of a broader rollout.

Waymo added that the fresh capital would go toward international expansion while preserving existing safety standards, including growing its fleet and hiring staff as it moves into new U.S. and overseas markets.

In its announcement, Waymo said: “This infusion of capital will ensure we are positioned to move forward with unprecedented speed while maintaining our industry-leading safety standards. Now our focus is on a global scale, bringing the safety and magic of the Waymo Driver to even more cities this year in the United States and internationally.”

The company highlighted safety data from 127 million miles of fully autonomous driving, claiming it had achieved “a 90% reduction in serious injury crashes” compared to human driving.

Waymo saw strong growth in 2025, when it tripled annual volume to 15 million trips and surpassed 20 million lifetime trips.

It now offers more than 400,000 trips a week in six major US metro areas.

Sequoia partner Konstantine Buhler said, “As a technology leader in the trillion-dollar transportation market, Waymo has pushed beyond research milestones to achieve operational excellence, tripling its weekly paid trips in just one year and maintaining customer satisfaction.”

Waymo’s previous capital raise in October 2024, led by Alphabet, valued the business at more than $45 billion.

The funding also comes as competition in the driverless transportation market is growing.

Tesla is preparing to launch their own service and has begun limited operations without safety drivers in Austin.

Amazon’s Zoox has deployed a custom-built robotaxi that has no driver controls along the Las Vegas Strip and is testing vehicles in areas near San Francisco.

“Alphabet’s Waymo secures $16 billion in funding at $126 billion valuation” was originally created and published by Automatic onlya trademark owned by GlobalData.