Alphabet's Self-Driving Subsidiary Waymo Hits $45 Billion Valuation – Surpassing Ford, Other Major Brands

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Alphabet's Self-Driving Subsidiary Waymo Hits $45 Billion Valuation – Surpassing Ford, Other Major Brands - Benzinga

Quick Summary:

The company, which operates driverless cars in San Francisco, Phoenix, Los Angeles and Austin, raised $5.6 billion in the funding round, including existing Waymo investors Andreessen Horowitz, Fidelity and Perry Creek, according to Bloomberg.

Waymo, the autonomous driving technology subsidiary of Alphabet Inc.(NASDAQ:GOOG, NASDAQ:GOOGL), recently reached a valuation exceeding $45 billion in a new fundraising round.

Users can order driverless taxis through the Waymo app.