Add another $2.5 billion to the record $8.5 billion investors have plowed into autonomous vehicle technology over the last year. Waymo said Wednesday it had raised its second round of external cash from existing investors like Mubadala, T-Rowe Price, Fidelity and Temasek as well as new addition Tiger Global. The raise, led by parent Alphabet, is a sign of continued enthusiasm for AV...
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Forget the IPO Window. Watch for More M&A
Here’s some food for thought about initial public offerings. Yesterday I asked Brex co-CEO Henrique Dubugras when he thought the IPO window would open. His fintech company, after all, is one of many that could be beating down that door. Having raised $1.5 billion in funding, Dubugras said the company has a plan to break even off its existing funding. When I ask the IPO question, I usually...
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