Waymo, a leading autonomous vehicle company, has secured a significant $5.6 billion funding round led by parent company Alphabet and joined by prominent venture firms. The funds will be used to expand into new cities and develop its capabilities for commercial applications. Waymo's focus on robotaxi ride-hailing services has paid off, with over 100,000 customers per week in select markets.

Source: https://techcrunch.com/2024/10/25/waymo-raises-5-6b-from-alphabet-a16z-silver-lake-and-more/