Waymo, the self-driving unit of Alphabet, has closed an extension of its first external financing round bringing the total size to $3 billion. T. Rowe Price Associates, Inc., Perry Creek Capital, Fidelity Management & Research Company, and other external investors participated.
The round was extended on March 2. Additional investors in the initial round included Magna International, Andreessen Horowitz, and AutoNation, as well as Alphabet.
John Krafcik, Waymo’s CEO, says: “As we continue to advance the World’s Most Experienced Driver — the Waymo Driver — we’ll use this injection of capital to deepen our investment in our people, our technology, and our Waymo One and Waymo Via operations. COVID-19 has underscored how fully self-driving technology can provide safe and hygienic personal mobility and delivery services.”
He adds: “We’re grateful these partners share our mission to make it safe and easy for people and things to get where they’re going.”
Earlier this month, Waymo announced it will resume its driverless operations starting in Phoenix, Arizona. This is the first part of Waymo’s tiered approach to safely resuming its U.S. operations.
Back in March, it suspended its driving operations in response to Covid-19 to ensure the safety of employees and residents in local communities.
It’s also putting in place several steps to ensure its team’s safety and well-being as it begins to resume operations. These include: redesigning how its employees work and move in its facilities; new personal health & safety training; increased cleaning and disinfection and health monitoring.