The autonomous vehicle venture is owned by Google parent Alphabet, which led the series C investment in Waymo, alongside earlier backers including Andreessen Horowitz (a16z), Fidelity, Perry Creek, Silver Lake, Tiger Global and T. Rowe Price.
In a statement to CNBC, Waymo co-CEOs Tekedra Mawakana and Dmitri Dolgov said the funding would go toward expansion and advancing the Waymo Driver for business applications.