GoKawiilThe Boring Company raises $3B Series D led by UAE, valuation hits $23B
Elon Musk's tunneling venture The Boring Company closed a $3 billion Series D funding round led by the United Arab Emirates, valuing the company at $23 billion. As part of the deal, the company plans to build more than 150 kilometers of tunnels in the UAE. Other investors include Andreessen Horowitz, Sequoia Capital, Human Capital, Vy Capital and Valor Equity Partners.
GoKawiil's interpretation of the reporting above, not reported fact.
The massive raise and UAE backing signal a major geographic and financial expansion beyond the company's current Las Vegas tunnels and Nashville project. Sovereign-linked investment suggests confidence that underground transit infrastructure could scale internationally, even though the technology remains largely unproven outside limited test projects.
- The Boring Company is now valued at $23 billion after a $3 billion raise.
- The UAE will get over 150 kilometers of new tunnels as part of the deal.
- The company is expanding beyond Las Vegas, with projects also underway in Nashville.
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Published there as: “The Boring Company raises $3B in round led by UAE”
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