The Boring Company raises $3bn Series D to scale Loop projects and Prufrock
The financing supports hiring, tunnel projects in Las Vegas, Nashville and Dubai, and development of its tunnelling technology.
The Boring Company raised $3 billion in Series D funding to expand its underground transport and tunnelling business.
The company plans to hire across engineering, operations and production, build and scale Loop projects in Las Vegas, Nashville and Dubai, and accelerate research on Prufrock and future products.
The financing accompanies a UAE infrastructure partnership covering more than 150 kilometres of planned tunnels. Prufrock and the Loop passenger systems combine tunnel construction with transport operations.
Use of funds
Increase hiring in engineering, operations and production
Build and scale Loop projects in Las Vegas, Nashville and Dubai
Accelerate R&D of Prufrock and future products