Waymo, the self-driving arm of Google parent company Alphabet, has raised a new round of funding to help support its efforts in expanding the Waymo One ride-hailing service. On Friday, Waymo announced in a press release that it closed on an oversubscribed investment round of $5.6 billion, as led by Alphabet. The company gained additional investments from Andreessen Horowitz, Fidelity, Perry Creek, Silver Lake, Tiger Global, and T. Rowe Price.