The Boring Company raises $3B in round led by UAE

2026-09-10 | original

read original get LEGO Technic Bulldozer → more articles

Why This Matters

The Boring Company's $3B raise at a $23B valuation shows investors still willing to bet big on Musk's infrastructure ambitions, even though its built projects so far amount to a handful of Las Vegas tunnels. The UAE leading the round underscores how Gulf sovereign money is becoming a decisive source of capital for US tech ventures, and gives Musk's tunneling company its largest addressable project yet at over 150 kilometers.

Key Takeaways

The Boring Company raised $3B in Series D, valuing it at $23B, below the $4B it reportedly sought in July.
The UAE led the round and the company plans more than 150 km of tunnels there — dwarfing its existing US footprint.
Top-tier VCs including Andreessen Horowitz and Sequoia joined, despite limited operating proof beyond Las Vegas and a new Nashville loop.

Worth a Look

LEGO Technic Bulldozer — If tunnel-boring megaprojects fascinate you, a LEGO Technic construction machine lets you build your own digging rig on the desk. It's a hands-on way to explore the gearing and mechanics behind heavy excavation equipment, and a fun display piece for infrastructure nerds following The Boring Company's expansion.

See LEGO Technic Bulldozer on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.

In Brief

Elon Musk’s tunneling play, The Boring Company, has raised a $3 billion Series D funding round that pushes its valuation to $23 billion.

The round was led by the United Arab Emirates. The Boring Company said Thursday that it now plans to dig more than 150 kilometers of tunnels in the Middle Eastern country. Andreessen Horowitz, Sequoia Capital, Human Capital, Vy Capital, and Valor Equity partners also participated.

The Wall Street Journal reported in July that The Boring Company was looking to raise as much as $4 billion.

The Boring Company has done most of its digging to date in Las Vegas, Nevada, where it operates a handful of tunnels that connect hotel casinos and the convention center. It recently started work on a project in Nashville, Tennessee that will involve a 10-mile “loop” underground.

The company has stated that its goal is to “solve traffic” by moving vehicle travel into an underground, three-dimensional network of tunnels.

Explore topics: the boring company elon musk series d funding united arab emirates andreessen horowitz