Monday, 2 March 2020

Waymo's first outside investment round includes car industry heavyweights

Waymo's first outside investment round includes car industry heavyweightsBelieve it or not, Waymo hasn't really leaned on outside help to fulfill its self-driving car ambitions -- Alphabet (and earlier, Google) has shouldered much of the load. Now, however, it's expanding its sources of cash. Waymo has announced its first external investment round, and you might recognize a few of the names contributing a shared $2.25 billion. Car tech giant Magna International and retailer AutoNation are making investments, as are well-established investment groups like Andreessen Horowitz, the Canada Pension Plan Investment Board, Silver Lake and Mubadala.




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