Waymo, Alphabet's self-driving unit, announced on Friday the successful closure of a $5.6 billion funding round led by its parent company, Google. This significant investment aims to bolster Waymo's autonomous ride-hailing service, Waymo One, as it seeks to expand its reach in major U.S. cities, including San Francisco, Phoenix, Los Angeles, Austin, and Atlanta. The funding round attracted participation from several existing investors, such as Andreessen Horowitz, Fidelity,