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Waymo raises $16bn to fuel global robotaxi expansion

The funding round valued the Alphabet subsidiary at $126bn as company aims to expand more cities worldwide

Self-driving car company Waymo on Monday said it raised $16bn in a funding round that valued the Alphabet subsidiary at $126bn.

Waymo co-chief executives Tekedra Mawakana and Dmitri Dolgov touted the massive investment as a sign that the age of large-scale autonomous mobility has arrived.

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