The 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.