The unmanned startup Waymo received another $ 2.5 billion in investment

The unmanned startup Waymo received another $ 2.5 billion in investment

June 18, 2021 0 By autotimesnews

Waymo, which has set itself the task of launching a disembodied taxi, received another $ 2.5 billion as part of the latest “investment round.”

Waymo has raised an additional $ 2.5 billion in a new round of funding, continuing its work to develop advanced autonomous driving systems. Alphabet’s unmanned vehicle division is considered one of the most promising on the huge company’s track record, along with Access, Calico, CapitalG, GV, Verily and X. For many years, Waymo worked solely on Alphabet’s internal funds, but in March 2020 $ 2.25 billion was raised in the first round of external financing. According to insiders, as a result of the extension of this round, the volume of investments increased to $ 3.2 billion.

The latter round of $ 2.5 billion included funding from Andreessen Horowitz, AutoNation, Canada’s Retirement Plan Investment Board and several subsidiary brands of Alphabet.

The round of funding comes a couple of months after John Krafchik stepped down as CEO of Waymo, holding the post for five and a half years. Mr. Krafchik has played an important role in securing the technology company’s deals with companies such as Jaguar Land Rover, Stellantis, Volvo and Daimler.

Krafchik was replaced by former Waymo chief operating officer Tekedra Mavakan and former Waymo technical director Dmitry Dolgov. Mawakana was first appointed Waymo’s Chief Operating Officer in 2019 after previously working for AOL, Yahoo and eBay. Meanwhile, Dolgov has been the technical director since 2016, and previously worked as a researcher at the Toyota Research Institute.

Not so long ago, AutoTimesNews wrote that in the United States, a Waymo drone got stuck on the road and ran away from technical support. A curious incident occurred in the city of Chandler, Arizona. One of Waymo’s drones got stuck on the road due to cones. At that moment, there was a passenger in the cabin of the unmanned taxi. He was not confused and captured what was happening on video.