Waymo completes $3.2B first external round after ~$30B initial-close valuation
Waymo completed its first external investment round at $3.2 billion; reporting around the March 2020 initial close placed its valuation at about $30 billion.
Why it matters
Waymo completed its first external investment round at $3.2 billion after an initial $2.25 billion close.
Evidence notes
- Reporting around the March 2020 initial close placed Waymo's valuation at about $30 billion.
- Silver Lake, Canada Pension Plan Investment Board and Mubadala led the initial close, with Magna, Andreessen Horowitz, AutoNation and Alphabet also participating.
- Waymo expanded the same round—not a separate financing—to a final $3.2 billion total by July 30, 2020.
Company context
Waymo develops autonomous-driving technology and operates robotaxi services through Waymo One.