The Boring Company raises $3B led by UAE investors
Elon Musk’s The Boring Company just pulled in $3 billion in new investment, led by the United Arab Emirates. The deal puts the tunneling startup’s value at $23 billion. Musk’s firm now plans over 150 kilometers of tunnels in the UAE, with other backers like Andreessen Horowitz and Sequoia Capital joining in. Investors reportedly had to help with hiring and deals if they wanted in.
- $3B raised in Series D round
- Valuation now at $23 billion
- UAE leads funding and secures tunnel projects
- Investors had to help with recruiting and deals
- Over 150 km of tunnels planned in UAE
Sources covering this
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