The self-driving tech unit is expanding but if Alphabet pushed harder, Waymo could dominate a new market with the potential to generate more revenue than its ad business.
ByAlan Ohnsman,
Forbes Staff.
In
the summer of 2015, when veteran auto executive John Krafcik was recruited to turn Google’s Self-Driving Car Project into a new business unit for Alphabet, cofounders Sergey Brin and Larry Page gave him an aspirational target.
“They asked me to build a great company, and then make it bigger than Google,” Krafcik, former CEO of Waymo, the project’s successor, told Forbes.
The funding round would give Waymo a valuation as high as $110 billion, a person familiar with the matter told CNBC.
The Alphabet-owned company said it is now valued at $126 billion.
The funding round valued the Alphabet subsidiary at $126bn as company aims to expand more cities worldwide
Die Google-Schwestergesellschaft Waymo hat 16 Milliarden Dollar von Investoren erhalten und wird jetzt mit 126 Milliarden Dollar…
Waymo's growth is reinforcing Alphabet's tech dominance and strengthens the bull case for the stock.
The Alphabet unit’s plan to expand internationally comes as it also prepares to offer driverless rides in at least half a dozen…
