Alphabet’s Waymo gets first external investors, raises US$2.25bn

UNITED STATES – Waymo, the self-driving unit of Alphabet Inc, has raised US$2.25 billion in its first external investment round and expects to add more outside investors, Reuters has reported. The company has also revealed that its self-driving trucking business will be called Waymo Via. Waymo was founded 11 years ago as a small project inside Google and  is now widely considered the leader in developing self-driving technology. Analysts however believe that Waymo and its principal rivals are still years away from building large-scale businesses around that technology. Alphabet Chief…

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