The deal helps Google parent Alphabet spread the cost of funding Waymo as the unit pushes ahead to commercialise its autonomous driving technology. Krafcik also suggested the parent company could eventually spin Waymo off into an independent business. — AP
Waymo raised US$2.25bil (RM9.46bil) from a slate of private equity investors, venture capitalists and automotive companies, the first time Alphabet Inc’s autonomous vehicle unit has taken outside funds.
Silver Lake Management LLC, a private equity firm, led the round, which also includes auto manufacturer Magna International Inc, car seller AutoNation Inc, Abu Dhabi’s Mubadala Investment Co and the Canada Pension Plan Investment Board.
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