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Waymo, a company specializing in self-driving technology, has recently secured a substantial $5 billion debt financing package—its first of such magnitude—from a consortium of financiers, including Blackstone, Pacific Investment Management Company (PIMCO), and Sixth Street. These funds are earmarked to expedite the growth of its robo-taxi operations and to bolster its market entry strategies across the United States, Europe, and Japan. Historically, Waymo has predominantly depended on financial backing from its parent company, Alphabet, along with contributions from external investors, having successfully navigated through several rounds of financing in recent years. Notably, in February of this year, Waymo concluded an equity financing round amounting to $1.6 billion, which brought the company's valuation to an impressive $126 billion.
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