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Waymo, an autonomous transportation startup incubated by Alphabet, received a significant amount of funding compared to other startups in the same period. It secured a $2.25 billion venture round. This is a substantial amount when compared to other companies in the transportation sector such as ride-hailing rivals Gojek and Grab, which received $1.2 billion and $856 million respectively, and electric aircraft developer Joby Aviation, which secured $590 million. Other ventures outside the transportation sector that received considerable funding include plant-based meat producer Impossible Foods and banking upstart Revolut, both securing $500 million, and data warehousing provider Snowflake with $479 million.
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Despite the economic instability, investors have put $41.1 billion to work in reported rounds of $10 million and up through March 17th of this year, compared to $46.2 billion in the same period in 2019. A lot of the investors' money went toward transportation, which includes Alphabet-incubated autonomous transportation startup Waymo ($2.25 billion venture round), ride-hailing rivals Gojek and Grab ($1.2 billion and $856 million, respectively) and electric aircraft developer Joby Aviation ($590 million). Other ventures that got some enviable funding in 2020 were plant-based meat producer Impossible Foods ($500 million), banking upstart Revolut ($500 million) and data warehousing provider Snowflake ($479 million).
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