Robotaxi pioneer Waymo has raised another $16 billion to help fuel its ambition for its fleet of self-driving cars to provide rides throughout the world while other deep-pocketed rival services backed by Tesla and Amazon try to catch up.
The fundraising announced Monday values Waymo at $126 billion.
The appraisal underscores investors’ desire to own a piece of the rapidly expanding robotaxi market, as well as how far Waymo has come since starting as a “moonshot” project within Google 17 years ago. Analysts had estimated Waymo was worth about $30…

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