Waymo is preparing for what could be one of the largest private funding rounds in the autonomous vehicle sector. According to a report from Bloomberg, the self-driving unit of Alphabet is seeking to raise approximately $16 billion in new capital, a deal that would value Waymo at close to $110 billion.
If completed, the financing would represent a dramatic jump from Waymo’s last major raise in October 2024, when the company was valued at just over $45 billion. It would also mirror an earlier report in December 2025 that the company would soon be seeking a $100+ billion valuation.
People familiar with the discussions say Alphabet itself would contribute roughly $13 billion, with the remainder expected to come from outside investors, including Sequoia Capital, DST Global, and Dragoneer Investment Group. The round could close as soon as February.
Waymo declined to comment directly on the reported fundraising figures but emphasized the scale of its operations and ambitions. “While we don’t comment on private financial matters, our trajectory is clear: With over 20 million trips completed, we are focused on the safety-led operational excellence and technological leadership required to meet the vast demand for autonomous mobility,” the company said in a statement to Bloomberg.
Waymo operates fully driverless, paid ride-hailing services in several U.S. markets. Its autonomous vehicles are currently carrying passengers in the San Francisco Bay Area and Los Angeles, with additional service available through Uber’s app in cities like Austin and Atlanta. Waymo has also announced plans to aggressively expand to more American cities in 2026, along with an international push into the United Kingdom.
Still, Waymo’s rapid growth has not been without challenges. U.S. auto safety regulators recently opened an investigation after one of the company’s autonomous vehicles struck a child near an elementary school in Santa Monica, resulting in minor injuries.
