Waymo’s $30 Billion Valuation Shows The New Reality Of Automated Driving Is Sinking In

Waymo's $30B valuation reflects the new reality of automated driving

, still a huge figure for a company with barely any business, but a fraction of what was expected in 2018.

I suspect Porat has looked at the numbers and come to the conclusion that Waymo and other similar businesses aren’t going to be money printing machines anytime soon. My guess is that when Waymo CEO John Krafcik went up the chain for approval of the 2020 budget which still relies almost entirely on Alphabet for income, Porat told him to start looking elsewhere.

The inclusion of Magna as one of the investors in this round makes perfect sense in this context. Waymo has developed its own set of sensors in-house over the past decade and last year even began selling its short-range lidar to companies using it for robotics and research applications. But Waymo and its Alphabet siblings doesn’t have expertise in mass production of automotive grade hardware.

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Forbes /  🏆 394. in US

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