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6/16, 3:57 PM (Source: TeleTrader)
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Waymo announces $2.5B funding round

Alphabet Inc.'s subsidiary Waymo LLC raised $2.5 billion in an investment round, the self-driving company said on Wednesday.

Financiers include its parent firm, as well as Andreessen Horowitz, Silver Lake, Fidelity Management & Research Co., and others.

Waymo stated that it will use the funding to continue advancing the Waymo Driver, its autonomous driving tech, as well as to expand its team.

Breaking the News / MD