Waymo, Alphabet Inc.’s autonomous driving unit, is aiming to raise about $16 billion in a financing round that would value the unit at nearly $110 billion, according to people familiar with the matter.

The robotaxi company Waymo is eyeing Portland. That’s according to Portland Bureau of Transportation director Millicent Williams, who briefed city officials in a Jan. 20 email to Mayor Keith Wilson, City Administrator Raymond Lee and the Portland City Council.

Waymo's robotaxis have been in a handful of U.S. cities for years now, but it’s worth paying specific attention to what’s going on in London.

The prior investment round, in October 2024, valued the company above US$45 billion and was led by Alphabet, which also owns Google.

Waymo, Alphabet's autonomous driving subsidiary, is close to finalizing or has finalized a $16 billion funding round that values the company at $110 billion,

Waymo has long served Sky Harbor airport in Phoenix, and the smaller SJC airport in San Jose, but SFO is another beast.

Miami is the sixth market where Waymo offers driverless ride-hailing service, extending its lead over Tesla and Amazon -owned Zoox. As U.S. competition has lagged, Waymo's planned 2026 expansions could lock in rider demand and loyalty in the U.S.

Jan 31 (Reuters) - Alphabet unit Waymo is aiming to raise about $16 billion in a financing round that would value it at nearly $110 billion, Bloomberg News reported on Saturday, citing people familiar with the matter.

An Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) autonomous cab service, Waymo's "Ojai" Robotaxi, built in collaboration with Chinese automaker Zeekr, crashed into multiple vehicles in Los Angeles' Echo Park area.