As we build, deploy, and commercialize the Waymo Driver, it’s gratifying to see so much interest in being part of our journey to transform mobility, making it safer, more accessible, and more sustainable along the way. So we’re proud to announce our latest investment round of $2.5 billion, with participation from Alphabet, Andreessen Horowitz, AutoNation, Canada Pension Plan Investment Board, Fidelity Management & Research Company, Magna International, Mubadala Investment Company, Perry Creek Capital, Silver Lake, funds and accounts advised by T. Rowe Price Associates, Temasek, and Tiger Global. We’ll use this latest round of investment to continue advancing the Waymo Driver, as well as continuing to grow our team.
With tens of millions of miles driven on public roads across 25 U.S. cities, and tens of billions of miles driven in simulation, our experience has shown us, and our investors, the massive opportunity ahead. We’re building and deploying the Waymo Driver to serve riders, deliver parcels, move freight, and eventually, to empower personal car ownership.
We’re the first company to operate a fully autonomous, public ride-hailing service – Waymo One, and we’ve served thousands of rider-only trips in Metro Phoenix. We’ve been driving in San Francisco and the Bay Area since we first started in 2009, and most recently San Francisco residents are seeing the Waymo Driver on our growing fleet of all-electric Jaguar I-PACE vehicles throughout the city. We’re building the most advanced technology stack for urban driving, and we’re partnering with key community organizations as we shape our product.
Through our delivery business unit, Waymo Via, we’re working with freight partners, including J.B. Hunt, to efficiently move freight cross-country with our growing fleet of Class 8 trucks. On a local level, Waymo Via delivers safely and efficiently on behalf of our clients, including UPS and AutoNation.
Experience has taught us so much, and we agree with those experts who say there’s no greater challenge in artificial intelligence than building and deploying fully autonomous technology at scale. But we love a challenge and – thanks to the unmatched talent of our team – the Waymo Driver is already serving thousands of Waymo One riders as they get to work, shop for groceries, bring their kids to school, or just experience the joy of a ride with no human behind the wheel. Our mission is to make it safe and easy for people and things to get where they’re going, and we’re grateful to our investors for believing in this mission, in our technology, and in us.