Waymo, an Alphabet autonomous driving company, has raised $16 billion in a new funding round led by Dragoneer Investment Group, DST Global and Sequoia Capital, with additional participation from Andreessen Horowitz, Mubadala Capital and other investors.
In a Monday announcement, Waymo said the funding reflects growing confidence in the autonomous mobility market and the company’s safety standards. Waymo reported a 90 percent reduction in serious-injury crashes compared to human drivers, attributing the improvement to the elimination of risks such as distraction, fatigue and human error. According to the company, these gains have translated into increased consumer adoption and rapid ride growth.
In 2025 alone, Waymo tripled its annual ride volume to 15 million trips, bringing its total lifetime rides to more than 20 million. The new funding will be used to support global expansion, with plans to launch in more than 20 additional cities in 2026, including major markets such as Tokyo and London.
