Waymo’s first external fundraising round, initially expected to bring in $2.25 billion for the self-driving company, just grew to $3 billion, thanks to the addition of some new investors.
On March 2nd, Waymo announced its first outside investment round, with investors including Silver Lake, Canada Pension Plan Investment Board, Mubadala Investment Company, Magna International, Andreessen Horowitz, AutoNation, and Waymo’s parent company Alphabet.
That round was extended to include a new crop of investors: funds managed by T. Rowe Price Associates, Perry Creek Capital, and Fidelity Management and Research Company.