Waymo keeps foot on the autonomous vehicle pedal with $16B funding

Waymo is expanding robotaxi service to San Francisco International Airport and more cities. Source: Waymo

Even as developers of humanoid robots and artificial intelligence benefit from investor interest, autonomous vehicles show little sign of slowing down. Waymo LLC yesterday said it has raised $16 billion, bringing its valuation to $126 billion.

The Mountain View, Calif.-based company said it plans to use the funding to bring its Waymo Driver to more cities across the U.S. and the world.