Waymo has raised $5.6 billion in an oversubscribed funding round led by Alphabet, with plans to expand its Waymo One ride-hailing service and the Waymo Driver autonomous system. The company has achieved significant growth, providing over 100,000 paid weekly trips and expanding service areas in major cities. With this new capital, Waymo aims to accelerate its growth and solidify its position as a leader in the autonomous vehicle industry.
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