Waymo

Last Reported Valuation
$126B
Series D, Feb 2026
Total Funding Raised
$27.1B
As of June 2026
Founded
2009
Mountain View, CA
Exchange Listing
Private
Alphabet subsidiary
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About Waymo

Waymo is the world's leading autonomous driving technology company and a majority-owned subsidiary of Alphabet Inc. (Google's parent). Originally launched as the Google Self-Driving Car Project in 2009, Waymo was spun out as a separate Alphabet subsidiary in 2016. It is led by co-CEOs Tekedra Mawakana and Dmitri Dolgov, and is headquartered in Mountain View, California.

In February 2026, Waymo closed a landmark $16 billion funding round — the largest in autonomous vehicle history — at a post-money valuation of $126 billion, more than doubling its $45 billion valuation from October 2024. Alphabet led the round with a $13 billion commitment, joined by Andreessen Horowitz, Sequoia Capital, Dragoneer, DST Global, Fidelity, Kleiner Perkins, Silver Lake, Tiger Global, T. Rowe Price, GV, and Mubadala. Total external funding now stands at $27.1 billion.

Waymo operates Waymo One, a fully driverless commercial robotaxi service with over 500,000 paid rides per week across 10+ U.S. markets as of mid-2026, including San Francisco, Los Angeles, Phoenix, Austin, Atlanta, and Miami. The company's technology has logged more than 127 million autonomous miles on public roads and demonstrated 82% fewer injury-causing crashes compared to human drivers. Annualized revenue reached approximately $355 million as of early 2026, growing 127% year over year. Waymo has no announced IPO date as of June 2026, though an eventual public offering is widely anticipated.

Funding History

Round Date Amount Raised Post-Money Valuation Notable Investors
Series D Feb 2026 $16B ~$126B Alphabet (lead, $13B), a16z, Sequoia, Dragoneer, DST Global, Fidelity, Kleiner Perkins, Silver Lake, Tiger Global, T. Rowe Price, Mubadala, GV
Series C Oct 2024 $5.6B ~$45B Alphabet ($5B commitment), a16z, Fidelity, Perry Creek, Silver Lake, Tiger Global, T. Rowe Price
Series B Ext. 2021 $2.5B ~$30B a16z, Fidelity, Silver Lake, CPP Investments, Magna
Series B Mar 2020 $3B ~$30B Alphabet, Fidelity, CPP Investments, Magna, Perry Creek, Silver Lake, AutoNation

Figures sourced from public disclosures and press releases. Waymo operated as an Alphabet internal project from 2009–2016 prior to formal external fundraising. Approximate. For informational purposes only. Not an offer or solicitation.

Company Details

Legal Name
Waymo LLC
Headquarters
Mountain View, CA
Founded
2009 (spun out 2016)
Sector
Autonomous Vehicles
Sub-Sector
Robotaxi / AV Technology
Flagship Product
Waymo One (Robotaxi)
Parent Company
Alphabet Inc. (GOOGL)
Employees
~4,200
Exchange Listing
Not Public

Waymo Stock FAQs

No. Waymo is a private subsidiary of Alphabet Inc. and does not have its own public stock ticker or exchange listing. Investors cannot buy Waymo shares directly through a brokerage account. Indirect public exposure to Waymo is available through Alphabet (Nasdaq: GOOGL or GOOG). Accredited investors interested in direct Waymo exposure may explore the FNEX Ventures Fund, subject to eligibility and availability.
Waymo's most recently reported post-money valuation is $126 billion, set at the close of its Series D round in February 2026 — more than double the $45 billion valuation established just four months earlier in October 2024. This makes Waymo one of the most valuable private technology subsidiaries in the world. Private company valuations are based on the terms of recent financing rounds and are not indicative of current market value or future performance.
Waymo has not announced any IPO plans as of June 2026. The company has access to substantial capital through its parent Alphabet and its growing base of outside institutional investors. Given the scale of private investment ($27.1 billion raised to date) and the size of its investor base, an eventual IPO or other liquidity event is widely anticipated by market observers, but no timeline has been confirmed. Alphabet does not break out Waymo's financials separately in public filings.
Waymo is the commercially leading autonomous ride-hailing service in the world. As of mid-2026, it operates more than 500,000 paid rides per week across 10+ U.S. markets, with service expansions planned across Dallas, Denver, Detroit, Houston, Las Vegas, Nashville, Orlando, San Antonio, San Diego, Washington D.C., Tokyo, and London. Annualized revenue reached approximately $355 million in early 2026, growing 127% year over year. The company's Waymo Driver technology has logged 127+ million autonomous miles and demonstrated 82% fewer injury-causing crashes than human drivers in comparable conditions.
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This is a private company subsidiary. Its shares are not publicly traded and no market pricing is provided on this page. All valuation figures are based on publicly reported funding round data and are not indicative of current market value, intrinsic value, or future performance. Private company valuations are inherently uncertain and may change materially over time.

Company names, logos, and trademarks referenced or displayed on this page are used for illustrative purposes only and do not represent actual holdings, target investments, or future investment intentions of the FNEX Ventures Fund. There is no guarantee that any portfolio company will complete an initial public offering (IPO), merger, acquisition, or other liquidity event. Investment in private funds involves a high degree of risk, including the possible loss of the entire investment. Past performance is not indicative of future results.

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