Waymo Closes $5.6 Billion Funding Round From Alphabet, Others.

Waymo, Alphabet Inc.'s autonomous driving unit, recently secured $5.6 billion in funding from investors, marking its largest funding round to date. The investment was led by Alphabet, with participation from firms like Andreessen Horowitz, Fidelity Investments, and T. Rowe Price Group. Waymo operates a commercial ridehailing service in several US cities and has partnered with Uber Technologies Inc. to expand its services. Alphabet's shares saw a 1.6% increase following the announcement of the funding round. [Extracted from the article]