The Alphabet autonomous-vehicle unit has added US$750 million to the US$2.25-billion funding round it first announced in March, which included investors like the Canada Pension Plan Investment Board, Magna International and Andreessen Horowitz. (The Verge)
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The Alphabet autonomous-vehicle unit has added US$750 million to the US$2.25-billion funding round it first announced in March, which included investors like the Canada Pension Plan Investment Board, Magna International and Andreessen Horowitz. (The Verge)
Talking point: While the ongoing COVID-19 pandemic has resulted in a temporary suspension of its testing and service deployment, Waymo’s CEO, John Krafcik, noted in a new blog post that the crisis has “underscored” the need for self-driving technology. Krafcik told The Wall Street Journal that the extra money wasn’t, prompted by pandemic concerns. The new crop of investors includes funds managed by T. Rowe Price Associates, Perry Creek Capital and Fidelity Management and Research Company.
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