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Alphabet's self-driving unit Waymo closes $5.6 billion funding round as robotaxi race heats up in the U.S.

A Waymo autonomous self-driving Jaguar taxi drives along a street on March 14, 2024 in Los Angeles, California. Mario Tama | Getty ImagesWaymo has closed a $5.6 billion funding round to expand its robotaxi service in and beyond Los Angeles, San Francisco and Phoenix, where it operates today.The autonomous vehicle venture is owned by Google parent Alphabet, who led the series C investment in Waymo, alongside earlier backers including Andreessen Horowitz (a16z), Fidelity, Perry Creek, Silver Lake,...

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