Dragoneer Investment Group, DST Global and Sequoia Capital led a $16bn financing round in Waymo.

Dragoneer Investment Group, DST Global and Sequoia Capital, private equity and venture capital firms, led a $16bn financing round in Waymo, an autonomous vehicle development company, with participation from Alphabet, Andreessen Horowitz, Mubadala Capital, Bessemer Venture Partners, Silver Lake, Tiger Global, T. Rowe Price, BDT & MSD Partners, CapitalG, Fidelity Management & Research Company, GV, Kleiner Perkins, Perry Creek Capital, and Temasek. "As a technology leader in the trillion dollar transportation market, Waymo has moved beyond research milestones to achieve operational excellence, tripling its weekly paid rides in just one year while maintaining customer delight. Waymo is an exceptional business, leveraging its compounding data advantage to usher in a new era of transportation and a safety culture that can save millions of lives. We’re excited to partner with Tekedra, Dmitri and team as they expand the magic of the Waymo Driver to 20 additional cities and beyond," Konstantine Buhler, Sequoia Partner.