Nuro’s $106M raise backs its shift from delivery robots to licensing autonomy tech

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After months of hearty marketing efforts and large-scale technology demos across the U.S., Nuro has secured $106 million in fresh funding to help scale its autonomous driving technology and advance commercial partnerships. 

The Series E round brings Nuro’s total funding raised to $2.2 billion and its valuation to $6 billion. That’s a drop from the $8.6 billion post-money valuation Nuro secured after its $600 million Series D in 2021, but most startup valuations have come down from the highs seen during the era of easy money. 

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Nuro’s $106M raise backs its shift from delivery robots to licensing autonomy tech


After months of hearty marketing efforts and large-scale technology demos across the U.S., Nuro has secured $106 million in fresh funding to help scale its autonomous driving technology and advance commercial partnerships. 

The Series E round brings Nuro’s total funding raised to $2.2 billion and its valuation to $6 billion. That’s a drop from the $8.6 billion post-money valuation Nuro secured after its $600 million Series D in 2021, but most startup valuations have come down from the highs seen during the era of easy money. 

Usually,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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