Alphabet's Waymo raises $2.5 billion in first fresh funding in a year
The Star Online - Tech·2021-06-17 08:01
(Reuters) -Alphabet Inc's self-driving unit Waymo said on Wednesday it raised $2.5 billion in its first fresh funding round in a year, after a string of defections of executives rekindled concerns about the technology struggling to scale up.
The announcement came a day after General Motors Co’s majority-owned Cruise self-driving car subsidiary said it would gain access to a $5-billion credit line.
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