The Alphabet holding includes the Internet giant Google and several other companies, including Waymo, which develops self-driving cars. The company, which began with the Google project, was able to attract $ 2.5 billion in investments in the second round of funding.
In addition to Alphabet itself, the Investment Council of the Canadian Pension Program, Andreessen Horowitz, AutoNation, Magna International, and others have invested in the development of Waymo drones. The company said it would use the funds received to continue to develop Waymo Driver’s autonomous driving platform and expand its team of experts.
By the way, the first round of Waymo funding took place back in March 2020. Then the company received from investors Andreessen Horowitz, AutoNation, and Alphabet 2.25 billion dollars. Then, in May of the same year, another $ 750 million was invested in the project.
In anticipation of the second round of funding for Waymo, CEO John Krafcik, who has held this post since 2015, left Waymo. The company is currently managed by former COO Tekedra Mawakana and CTO Dmitry Dolgov.