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Alphabet's Waymo Valued Over $45 Billion After $5.6 Billion Funding Round
Oct 31, 2024, 05:16 PM
Waymo, the autonomous driving unit of Alphabet, has been valued at over $45 billion following its recent funding round. The company raised $5.6 billion last week, marking one of the largest funding rounds in the sector. The valuation reflects the growing confidence in Waymo's self-driving technology and its potential to revolutionize transportation. The funding round was led by Alphabet, Google's parent company, and positions Waymo as a significant player in the autonomous vehicle market. Waymo, which operates a robotaxi service, is valued at 300x annualized revenue.
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