Waymo, Alphabet Inc.’s autonomous driving unit, is aiming to raise about $16 billion in a financing round that would value the unit at nearly $110 billion, according to people familiar with the matter.

Waymo just secured permission to operate at San Francisco International, and I took it for a spin. Before you book your ride, however, make sure you have some extra time and a few extra bucks.

Waymo has worked for years to gain access to SFO.

In November, Waymo expanded its service area to stretch across more than 260 square miles of the San Francisco Bay Area, and added freeway access for passengers. Riders can now hail a driverless ride to San Jose Mineta International Airport as well as San Francisco International Airport.

But Waymo won’t have unfettered access to SFO’s terminals, at least not this year. Pickups and drop-offs will take place at SFO’s Rental Car Center, which is accessible to the terminals via the AirTrain. Additional locations, like the airport’s main terminals, will come later.

Jan 31 (Reuters) - Alphabet unit Waymo is aiming to raise about $16 billion in a financing round that would value it at nearly $110 billion, Bloomberg News reported on Saturday, citing people familiar with the matter.

Waymo is reportedly finalizing a new funding round that will value the robotaxi company at $110 billion.

Jan. 29 (UPI) -- The National Highway Transportation and Safety Administration is investigating an incident in which an autonomous Waymo taxi struck and injured a child last week in Santa Monica, Calif.