Following that, Lyft announced it would develop its own autonomous driving technology, stating that it was "core" to its business. Ride - hailing service Lyft has secured $ 5000 in funding , in a round led by CapitalG , the growth investment fund of Google and Alphabet . Earlier this year , Lyft announced a collaboration with Alphabet 's cab - driving outfit Waymo . This latest cash injection has put Lyft on a par with beleaguered rival Uber , which enjoyed early backing from Google Ventures , according to Forbes .
Ride - hailing service Lyft has secured $ 5000 in funding , in a round led by CapitalG , the growth investment fund of Google and Alphabet . Earlier this year , Lyft announced a collaboration with Alphabet 's cab - driving outfit Waymo . This latest cash injection has put Lyft on a par with beleaguered rival Uber , which enjoyed early backing from Google Ventures , according to Forbes .