Nuro, Inc has confirmed that it has raised US$106m in its ongoing Series E funding round, which values the company at US$6bn.
Its latest funding round includes participation from new and returning investors, as well as strategic partners. Investors include funds and accounts advised by T. Rowe Price Associates, Inc., Fidelity Management & Research Company, Tiger Global Management, Greylock Partners and XN LP.
The raise underscores investor confidence in Nuro’s proven autonomy platform and its licensing-driven business model. With more than eight years of development and four years of real-world deployments in California and Texas, Nuro says it is one of just a handful of companies to have successfully deployed driverless technology at city scale with no safety driver.
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.
“We’re excited to see strong investor enthusiasm for our Series E,” said Jiajun Zhu, co-founder and CEO of Nuro. “Our technology, years of experience with driver-out Level 4 deployments and focus on licensing uniquely position us to help auto makers, mobility platforms and commercial fleets accelerate their autonomy roadmaps.”
The round brings Nuro’s total funding to US$2.2bn to date. The Series E funding will support Nuro’s next phase of growth – scaling its AI-based technology platform and advancing commercial partnerships. The company will share details on additional Series E participants in the coming weeks.