Elon Musk’s The Boring Company raises USD 675 mn in series C
The Boring Company, founded by Elon Musk, has raised USD 675M at a USD 5.675B valuation from A-list investors. The Boring Company, in its tweet, said, “Purpose is to recruit amazing people, scale-up boring machine production & build thousands of miles of tunnels.” The Boring Company just raised $675M at a $5.675B valuation from A-list investors.Purpose is to recruit amazing people, scale up boring machine production & build thousands of miles of tunnels.https://t.co/BpSE9syuGs— The Boring Company (@boringcompany) April 21, 2022 Defeating traffic is the ultimate boss battle. Even the most powerful humans in the world cannot defeat traffic,” said Elon Musk. Please consider working at The Boring Company! Our goal is to solve traffic, which plagues every major city on Earth. https://t.co/1tHNhIo7sd— Elon Musk (@elonmusk) April 21, 2022 The company announced, “Our Series C funding round of USD 675 million, led by Vy Capital and Sequoia Capital, with participation from Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, and DFJ Growth. The financing now values The Boring Company at USD 5.675 billion.” The company also said a group of leading real estate partners, including Brookfield, Lennar, Tishman Speyer and Darca, are joining the round. About TBC The Boring Company creates safe, fast-to-dig, low-cost transportation, utility, and freight tunnels. The company spent the last five years building core technologies designed to solve traffic and beautify cities via Loop and Hyperloop. The funds from this round will be utilised to increase hiring across engineering, operations significantly, and production to build and scale Loop projects, including Vegas Loop and others, and accelerate the research and development of Prufrock and future products. The Boring Company is hiring for numerous roles and seeks talented individuals ready to get their hands dirty to make a meaningful impact that will last for generations to come. Those interested can apply today at boringcompany.com/careers.
The Boring Company (TBC) was founded by Elon Musk to revolutionise transportation.
The Boring Company (TBC) was founded by Elon Musk to revolutionise transportation.
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Poornima Nataraj has worked in the mainstream media as a journalist for 12 years, she is always eager to learn anything new and evolving. Witnessing a revolution in the world of Analytics, she thinks she is in the right place at the right time.