Google’s sister company Waymo has raised a large sum during the first investment round. This way Waymo can invest in personnel and the further development of the technology.
The investment round was led by various parties from countries including North America and Canada. These parties know how to ensure that companies like Magna International and Alphabet put their money in Waymo. Taken together, the investment round accounts for $ 2.25 billion. That is 2.02 billion euros converted. Waymo says to invest the money in the development of technology and more staff. “We want to do everything we can to better support Waymo’s directors,” said John Krafcik, CEO of Waymo.
According to Silver Lake’s Co-CEO, one of the initiators for the investment round, Waymo is the proven leader in autonomous technology. Whether that really is, let’s not mention. The figures don’t lie, though, with 32 million kilometers of experience in 25 different cities, Waymo has had quite a few test kilometers. Add to that the 10 billion virtual test kilometers and you will end up with a serious piece of experience. Waymo’s goal is therefore to be the first major producer to come up with a mass product that can work at autonomous level 4. Waymo has already started his project in Arizona to bring people autonomously from A to B.