Waymo raises 5.6 billion to fund Austin and Atlanta expansion

Waymo has raised another huge chunk of change from investors. The company announced on its blog that it secured an "oversubscribed investment round" of 5.6 billion in funding, the largest of which came from Google's parent company Alphabet. The company is working with Uber to expand to Austin and Atlanta by the early part of next year. Waymo says it plans to use this latest infusion of capital for the expansions. This latest round brings Waymo's total capital fundraising to 11.1 billion, with the 5.5 billion it picked up in two earlier rounds in 2020 and 2021.