Alphabet's Waymo in Talks for $15B Funding Round at a Valuation Near $100B

Alphabet's autonomous driving unit, Waymo, is reportedly discussing a new funding round seeking over $15 billion. This financing could value the business at nearly $100 billion. Alphabet is expected to lead the investment.

The potential valuation would more than double Waymo's previous valuation of $45 billion. That prior valuation was established in October 2024.

This move follows Waymo's robotaxi operations gaining significant traction. The unit now generates an annual revenue run rate exceeding $350 million.

Allowing Waymo to raise significant outside capital validates its standalone potential. This strategy also reduces the financial burden on Alphabet's balance sheet, signaling continued confidence in Waymo's long-term prospects.