📝 Waymo raising $16B

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Alphabet is currently moving to consolidate its dominance in the autonomous vehicle sector by nearly finalizing a $16 billion funding round for Waymo, which effectively catapults the company’s valuation to a massive $110 billion. While the "moonshot" unit was once a speculative bet, this round, led by a $12 billion+ commitment from Alphabet itself, along with backing from Sequoia Capital and Mubadala, signals a shift into aggressive, large-scale commercialization. The funding arrives as Waymo celebrates crossing the 20 million trip milestone and successfully launching its 60-square-mile service area in Miami, though the expansion has not been without growing pains. Recent operational failures during the December 2025 San Francisco blackout, where dozens of robotaxis became paralyzed at dark intersections, highlighted a critical vulnerability in the fleet’s reliance on real-time remote "confirmation checks." With a reported annual recurring revenue of $350 million, Waymo is now trading at an astronomical valuation multiple, betting that its massive capital pile will allow it to outlast regulatory hurdles and out-scale competitors like Tesla and Amazon’s Zoox before the decade is out.

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