Waymo raises $16 billion at a $126 billion valuation with Alphabet as a participant

Waymo, Alphabet's robotaxi unit in Other Bets, closed a $16 billion funding round at a $126 billion valuation that includes the new money. Alphabet participates, but the announcement gave no official Alphabet contribution; Bloomberg had earlier reported about $13 billion from Alphabet. The capital is meant to expand the fleet, enter new markets and fund AI development, and it raises the value of Alphabet's stake in Waymo.

• $16 billion raised; $126 billion valuation including the new money
• Alphabet participates; no official Alphabet amount in the announcement
• Use of funds: robotaxi fleet expansion, new markets, AI development