Tech
Waymo locks in $5B loan from Blackstone, PIMCO to fuel robotaxi expansion
Waymo, the autonomous vehicle technology company under Google parent Alphabet, closed a $5 billion loan from a series of high-profile lenders, including PIMCO, Blackstone, and Sixth Street.
The debt financing — Waymo’s first — comes as the company accelerates its commercial expansion within existing cities as well as push into new markets in the United States, Europe, and Japan. Waymo described the debt financing as an important step in its evolution into a “scaling commercial enterprise.”
Other lenders in the $5 billion loan include Capital Group, Loomis Sayles, T. Rowe Price, Apollo, Blue Owl, Diameter Capital Partners, Franklin Templeton, Fidelity Management & Research Company, HPS Investment Partners, and Oaktree, Waymo said on Thursday. Goldman Sachs served as the sole lead bookrunner.
Until now, Waymo has relied on capital from its parent company and outside investors. In February, Waymo raised $16 billion in equity from investors that pushed its valuation to $126 billion. Dragoneer Investment Group, DST Global, and Sequoia Capital led the funding round. Alphabet, which supported the round, has maintained its position as majority investor. The company raised $5.6 billion in a Series C funding round in 2024, $2.5 billion in 2021, and $3.2 billion in 2020.
A Waymo spokesperson said in an email that the debt financing will give the company financial flexibility to strengthen its balance sheet and position it to “capitalize on the significant opportunities ahead, especially as a scaling business with proven commercial demand and improved road safety outcomes in the communities in which we operate.”
The former Google self-driving project spent years testings its autonomous vehicle tech on public roads in Silicon Valley and the Bay Area and providing the occasional public or media demo. The company expanded in 2016 to Phoenix, which would become its first robotaxi market.
In August 2023, Waymo received the final necessary permit to operate a robotaxi service and charge for rides in California, a milestone that would kick off a more aggressive commercial playbook. Since then, Waymo has launched in multiple California cities, including Los Angeles, San Francisco, and more recently San Diego. It has also brought its robotaxi service to numerous other U.S. markets, including Austin, Dallasl and Houston in Texas and Miami, Orlando, and Tampa in Florida. Waymo now offers robotaxi services in 15 markets.
Waymo is keen to take its robotaxi services global, too. The company is testing in London and Tokyo and plans to launch in those cities.
The company’s growth has also spurred criticism and increased attention from regulators.
The National Highway Traffic Safety Administration’s Office of Defects Investigation opened an investigation into the illegal behavior of Waymo robotaxis around school buses. The federal safety regulator also also launched an investigation lafter a Waymo robotaxi hit a child near a school. The child, who sustained minor injuries, was struck at about 6 mph. Earlier this year, the National Transportation Safety Board (NTSB) opened its own investigation into Waymo after its robotaxis were spotted illegally passing stopped school buses numerous times in at least two states.
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
>
Tech
Cal AI’s 19-year-old founder just raised $10M for his new AI startup
Zach Yadegari, the teen co-founder of calorie tracking app Cal AI, has launched Persona, a new AI agent startup, and already raised $10 million. Vine Ventures led the round, with Z Fellows founder Cory Levy and Collective Global participating.
In March, MyFitnessPal acquired Cal AI for an undisclosed sum after it zoomed ahead of the older calorie app in the app store rankings. The deal was big enough to convince Yadegari and his co-founders to sell the company after it had pulled in over $30 million in annual revenue in under two years, MyFitnessPal told TechCrunch at the time.
Yadegari and his co-founders originally went to work for their new owner, continuing development on Cal AI, but he left the bigger company in June, he tells TechCrunch. He then went right to work on his next idea. (He is working with another co-founder who has yet to be announced.)
That idea is Persona, a personal AI assistant similar to Instinct or Meta’s Muse but with a hardware component that will soon be available: a $179 wearable band.

That makes Persona somewhat more like Bee, the wearable AI device that Amazon acquired in 2025, but Persona’s device differs in several ways, Yadegari tells TechCrunch. For one, it won’t be ambient AI, meaning it won’t always be listening and recording. The band will have a button that activates the assistant, or it can be set up to activate with the flick of one’s wrist.
Yadegari also says that Persona is designed with user privacy in mind. Persona doesn’t run its AI model or store user data on the device. Instead, the model runs in Persona’s cloud, and user data is sent there. The assistant protects privacy by encrypting data in transit and at rest. Users can also delete their data, the company says.
In this way, it is promising that user conversations stay private and cannot be sold to advertisers or data brokers.
The team is also baking in safeguards to protect the assistant against phishing and prompt-injection attempts, Yadegari says. These are two areas that can plague agents, say AI labs like OpenAI.
Plus, he promises that Persona’s agent can’t see a user’s credit-card details and that purchases will require the user’s approval, with payment handled through external providers such as Stripe Link. Link is Stripe’s secure wallet designed for use by agents.
Although user data won’t be sold to advertisers, the startup’s current business model does rely on ads. Yadegari says the company will show advertised wares during shopping research. But he says that the agent will present unbiased recommendations because the agent won’t know which of the items are advertised. For example, if someone is researching office chairs, he says, “the agent knows their preferences” and will show them chairs that match those preferences, some of them sponsored results.
The bands are expected to be available in December, and an app is in the works. In the meantime, Persona has launched as a free beta product in which users work with the assistant via iMessage text messages. It has attracted “a few thousand beta users,” Yadegari said. The band has also already generated “five figures in preorder revenue.”
Like other consumer AI assistants, he says, Persona can order food or rides, take notes, book travel, answer questions and emails, among other tasks.
“All of the utility apps that you use on your phone day-to-day, whether those are apps for shopping, whether it’s Uber, DoorDash, your email — these are all collapsing and will collapse into a single super app powered by an AI assistant,” Yadegari said.
Eventually, he hopes to make Persona even more proactive. “It can offer help and solve problems before you even know you have a problem, and overall be more seamless with your life, so that you don’t need to stare at a rectangle in your hand all day.”
Come see Zach Yadegari speak at TechCrunch Disrupt on “How to create viral growth and capitalize on it.” Disrupt takes place October 13-15 at the Moscone Center in San Francisco. Before Cal AI, Yadegari built his first business in the ninth grade and sold it for $100,000 when he was 16.
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
>
Tech
Apple Watch Series 12 Cheat Sheet: What’s New, What It Costs, and Which Model to Choose
Get the key details on Apple Watch Series 12, including health features, AI tools, battery life, pricing, compatibility, and which model may suit you best.
The post Apple Watch Series 12 Cheat Sheet: What’s New, What It Costs, and Which Model to Choose appeared first on TechRepublic.
>
Tech
5 days to TechCrunch Disrupt 2026: Don’t pay more at the door for your pass
The global tech ecosystem gathers at TechCrunch Disrupt 2026 at San Francisco’s Moscone West on October 13-15. Get your pass now to save up to $100. Get a second of the same ticket type to save 50%.
>
-
movies5 months agoSearch For Canadian TV Actor Stewart McLean Now Homicide Investigation
-
Fashion9 years agoThese ’90s fashion trends are making a comeback in 2017
-
Fashion9 years agoAccording to Dior Couture, this taboo fashion accessory is back
-
Fashion9 years agoModel Jocelyn Chew’s Instagram is the best vacation you’ve ever had
-
Fashion9 years agoEmily Ratajkowski channels back-to-school style
-
Fashion9 years ago9 Celebrities who have spoken out about being photoshopped
-
Anime4 months agoRurouni Kenshin: Hokkaido Arc Manga Takes 1-Issue Break – News
-
Anime3 months agoHIDIVE to Stream English Dubs for The World Is Dancing, The Forsaken Saintess and Her Foodie Roadtrip in Another World, The Dangers in My Heart: The Movie Anime – News
