Self-driving car startup Nuro closed its late-stage funding spherical on Thursday, elevating $203 million at a $6 billion valuation from new buyers Uber and Nvidia alongside returning backers.
The most recent tranche of $97 million follows the $106 million introduced in April, which included buyers reminiscent of T. Rowe Worth, Constancy, and Tiger World.
The corporate’s valuation within the newest funding spherical is decrease than the $8.6 billion it was valued at in 2021, based on Pitchbook information.
Many startups that turned unicorns throughout the 2021 funding increase at the moment are elevating capital at decrease valuations as buyers’ consideration turns towards synthetic intelligence.
“The change displays broader market circumstances and it is a sturdy final result for the present market setting,” a Nuro spokesperson stated.
Nuro has been pushing to scale its self-driving platform and increase industrial partnerships.
Based in 2016, Nuro has pivoted from supply robots to licensing its Nuro Driver expertise to be used in robotaxis, industrial fleets, and private autos.
Nuro partnered with EV maker Lucid and Uber to launch a worldwide robotaxi service. Uber plans to deploy over 20,000 Lucid Gravity SUVs outfitted with Nuro’s system throughout dozens of markets over six years beginning in 2026.
