Friday, 24 March, 2023
Elon Musk-owned Boring Company raises $675M
<p>The Boring Company(TBC) has announced a funding of $675M in a Series C round led by Vy Capital and Sequoia Capital which sees the company reach a valuation of $5.7B. TBC is Elon Musk's attempt to reduce traffic congestion by building underground highways. The funding will be used to hire more engineers to boost operations and production to scale up Loop projects. The company’s next generation tunneling machine, Prufrock, will also see a boost in R&D through this funding. </p>
Read full story at Tech Crunch
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