Nuro Valued at $6 Billion With Ongoing Series E Round

$106 million raised in ongoing Series E round, reinforcing Nuro’s proven autonomous technology and licensing-focused business model.

MOUNTAIN VIEW &&num;8212&semi; <a href="https&colon;//c212&period;net/c/link/&quest;t=0&amp&semi;l=en&amp&semi;o=4401680-1&amp&semi;h=2678011788&amp&semi;u=https&percnt;3A&percnt;2F&percnt;2Fwww&period;nuro&period;ai&percnt;2F&amp&semi;a=Nuro&percnt;2C+Inc&period;" target="&lowbar;blank" rel="nofollow noopener">Nuro, Inc&period;</a>, a developer of autonomous driving technology, has raised &dollar;106 million so far in its ongoing Series E funding round, which values the company at &dollar;6 billion&period;&NewLine;The round includes participation from new and returning investors, as well as strategic partners&period; Investors include funds and accounts advised by T&period; Rowe Price Associates, Inc&period;, Fidelity Management &amp&semi; Research Company, Tiger Global Management, Greylock Partners, and XN LP&period; Details about participating strategic investors will be included in an upcoming partnerships announcement&period;&NewLine;The raise underscores investor confidence in Nuro&&num;8217&semi;s proven autonomy platform and its licensing-driven business model&period; With more than eight years of development and four years of real-world deployments in California and Texas, Nuro is one of the few companies to have successfully deployed driverless technology at city scale with no safety driver&period;&NewLine;By licensing its vehicle-agnostic, cost-effective technology, Nuro enables integration across commercial fleets, robotaxis, and personal vehicles—opening up broad applications for its AI-first self-driving system&period;&NewLine;&&num;8220&semi;We&&num;8217&semi;re excited to see strong investor enthusiasm for our Series E,&&num;8221&semi; said Jiajun Zhu, co-founder and CEO of Nuro&period; &&num;8220&semi;Our technology, years of experience with driver-out Level 4 deployments, and focus on licensing uniquely position us to help automakers, mobility platforms, and commercial fleets accelerate their autonomy roadmaps&period;&&num;8221&semi;&NewLine;The round brings Nuro&&num;8217&semi;s total funding to &dollar;2&period;2 billion to date&period; The Series E funding will support Nuro&&num;8217&semi;s next phase of growth—scaling its AI-based technology platform and advancing commercial partnerships&period; The company will share details on additional Series E participants in the coming weeks&period;&NewLine;

Editor