<ul><li>Alphabet's self-driving unit, Waymo, has closed a $5.6 billion funding round led by Google parent company.</li><li>The funding will be used to expand Waymo's autonomous ride-hailing service, Waymo One, in multiple cities including San Francisco, Phoenix, Los Angeles, Austin, and Atlanta.</li><li>Existing investors such as Andreessen Horowitz, Fidelity, Perry Creek, Silver Lake, Tiger Global, and T. Rowe Price also participated in the funding round.</li><li>Other companies in the autonomous ride-hailing space include Tesla, GM's Cruise, and Amazon's Zoox.</li></ul>

Alphabet's Waymo closes $5.6 billion funding to expand autonomous ride-hailing service

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