Alphabet-owned Waymo in talks to raise $15 billion in funding [MSNBC.com]
T. Rowe Price Group, Inc. (TROW)
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Source: MSNBC.com
In this articleWaymo co-CEOs (L-R): Tekedra Mawakana and Dmitri DolgovSelf-driving car company Waymo is in talks to raise $15 billion in funding in the new year.The robotaxi company plans to raise billions fromAlphabetThe latest funding discussions are indicative of Waymo's status as the leader of the pack in the U.S.robotaxi marketAlphabet CEO Sundar Pichai said Waymo will "meaningfully" contribute to Alphabet's financials as soon as 2027, CNBCreportedIf the Google sister company winds up raising as much as $15 billion, that would represent more than double the amount of its lastfunding roundThat round was led by Alphabet alongside previous backers, including Andreessen Horowitz, Fidelity, Perry Creek, Silver Lake, Tiger Global and T. Rowe Price. At the time, Waymo co-CEOs Tekedra Mawakana and Dmitri Dolgov said the funding would go toward expanding its robotaxi service.Waymo currently serves paid rides to the public in the Austin, San Francisco Bay Area, Phoenix, Atlanta and Los Ang
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