Waymo, the self-driving unit of Alphabet, have stated that it has raised an additional $750 million in its first external investment round, bringing the total funding to $3 billion.
- Waymo raises an additional $750 million
- T Rowe Price Associates, Perry Creek Capital and Fidelity Management & Research amongst the latest participants in the funding round
- Total funding of $3 billion
T Rowe Price Associates Inc, Perry Creek Capital and Fidelity Management & Research were among the investors of the latest financing round, the company said.
This round comes after the initial investment of $2.25 billion, back in March of this year.
Founded 11 years ago as a small project inside Google, Waymo is now widely considered the leader in developing self-driving technology. But Waymo and its principal rivals are still years away from building large-scale businesses around that technology, analysts believe.
Via our content partners at Reuters. Reporting by Ayanti Bera in Bengaluru. Editing by Shailesh Kuber.