Waymo raises US$2.25 billion for auto projects
Waymo self-driving cars with the company logo at the Google-owned company’s headquarters in Mountain View, California, last May. – AFP pic, March 3, 2020.
WAYMO said yesterday it had raised US$2.25 billion in its first external funding round to help the former Google car unit accelerate its deployment of autonomous cars and lorries. Born in a Google lab devoted to big-vision new technology, Waymo became a subsidiary of Alphabet in 2016 – and has been one of the tech giant’s “other bets” that have been losing money in recent years.
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