The parent company will provide about $13 billion to the robotaxi firm, while the rest will come from others, including new investors Sequoia Capital, DST Global and Dragoneer Investment Group, said the people, who asked not to be identified because the discussions are private. Mubadala Capital also invested in the round, some of the people said.

Waymo could close the funding round in February, the people said. The first round of investment, in October 2024, valued the company at more than $ 45 billion and was led by Alphabet, which also owns Google.

“While we do not comment on private financial matters, our trajectory is clear: With more than 20 million trips completed, we are focused on safety led by operational excellence and technological leadership necessary to meet the great demand for autonomous mobility,” Waymo said in a statement.

Google could not immediately be reached for comment. Dragoneer, Sequoia and DST did not immediately respond to requests for comment. Mubadala declined to comment.

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Waymo operates fully autonomous ridehailing, with no human safety monitors, and charges passengers fares in half a dozen US cities. That includes the San Francisco Bay area, Los Angeles and rides through Uber Technologies Inc. in Austin and Atlanta. The startup plans to aggressively expand its commercial service this year to more American cities, as well as the UK.

There are many companies chasing the market for ridehailing with fleets of cars that drive themselves. Tesla Inc. plans to self-serve and have limited autonomous operations, without safety monitors, in Austin. AmazonZoox at .com Inc. there is a purpose-built robotaxi without driver control operating on the Las Vegas strip and testing in other cities near San Francisco.

Bloomberg reported in December that Waymo was looking to raise $15 billion at a more than $100 billion valuation.