The Boring Company raised a $3 billion Series D round led by the UAE, pushing its valuation to $23 billion. The funding will support plans to dig over 150 kilometers of tunnels in the Middle East, with participation from Andreessen Horowitz, Sequoia Capital, and other prominent investors.
Background
The Boring Company, founded by Elon Musk in 2016, focuses on underground tunnel construction to alleviate urban traffic congestion. It has operated limited tunnel projects in Las Vegas and is expanding into new markets.
- Source
- TechCrunch
- Published
- Sep 10, 2026 at 11:07 PM
- Score
- 6.0 / 10