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Alphabet's autonomous car company just raised its first external funding round.
The round is led by Silver Lake, Canada Pension Plan Investment Board, and Mubadala Investment Company, with additional funding from Magna International, Andreessen Horowitz and AutoNation. Alphabet also was part of the round. On a call about the funding, CEO John Krafcik said that this funding means there is a possibility that Waymo could eventually spin out of Alphabet.
Levi Sumagaysay (@levisu) is a former Silicon Valley reporter at Protocol. Previously, she was a tech reporter at The San Jose Mercury News, where she covered everything from artificial intelligence to IPOs, tech culture, news about big tech, and more. Levi has edited or written technology news since the first dot-com boom, and was for a time the writer of Good Morning Silicon Valley, one of the earliest tech blogs/newsletters.