Back to all posts

May 12, 2020

T. Rowe Price, Perry Creek Capital, Fidelity, and others join first round of investment in Waymo

  • , company news

Waymo has closed an extension of the financing round announced on March 2, in which funds and accounts advised by T. Rowe Price Associates, Inc., Perry Creek Capital, Fidelity Management & Research Company, and other external investors participated, bringing the total size of the round to $3 billion.

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. We’re grateful these partners share our mission to make it safe and easy for people and things to get where they're going.

*The total amount of Waymo's first external fundraise was updated to $3.2 billion as of July 30, 2020. {Source: Alphabet Q2 2020 10-Q)