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Boring Company's $3B UAE-led round backs 150 km of Middle East tunnels
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The Boring Company raised a $3 billion Series D led by the UAE, pushing its valuation to $23 billion and funding over 150 kilometers of tunnels in the Middle East.
This funding gives The Boring Company a major expansion beyond its Las Vegas operations, with a concrete tunnel-building commitment in the Middle East. The valuation jump to $23 billion signals investor confidence in its tunneling approach to traffic, though the company has yet to prove the model at scale outside Nevada.
Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
The Boring Company raised $3 billion in a Series D round led by the United Arab Emirates, reaching a $23 billion valuation.
The company plans to dig more than 150 kilometers of tunnels in the Middle Eastern country.
Other investors include Andreessen Horowitz, Sequoia Capital, Human Capital, Vy Capital, and Valor Equity Partners.
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