And back in May, Waymo and Lyft announced the two companies would work together on self-driving cars. Ride-hailing service Lyft has secured $1bn in funding, in a round led by CapitalG, the growth investment fund of Google parent Alphabet. The funding comes from venture capital firms Andreessen Horowitz, Greylock Partners, and Sequoia. This latest cash injection could put Lyft on a par with beleaguered rival Uber, which enjoyed early backing from Google Ventures, according to insiders.
Ride-hailing service Lyft has secured $1bn in funding, in a round led by CapitalG, the growth investment fund of Google parent Alphabet. The funding comes from venture capital firms Andreessen Horowitz, Greylock Partners, and Sequoia. This latest cash injection could put Lyft on a par with beleaguered rival Uber, which enjoyed early backing from Google Ventures, according to insiders.