What does Nuro do?
Nuro is a physical AI company that designs and builds a scalable AI driver, integrating automotive-grade hardware with advanced self-driving software. Their flagship products are tailored for automotive manufacturers, suppliers, and mobility companies, enabling integration into robotaxis, goods-delivery vehicles, and consumer vehicles to enhance everyday life.
How much did they raise?
The company raised $106M in its Series E round, led by prominent investors such as Fidelity Management & Research Company, T. Rowe Price Associates, Tiger Global Management, Greylock Partners, and XN LP. This funding round builds on a total of $2.2 Billion acquired to date and values the company at $6 Billion.
What are their plans for the money?
With the new capital, Nuro plans to scale its AI-based technology platform further and advance commercial partnerships. The investment is expected to accelerate their innovation in autonomous vehicle technology and expand the market reach of their products, making autonomous benefits more accessible.
What have they achieved so far?
Nuro has already made significant strides in the autonomous driving industry by successfully deploying its flagship products across various sectors. Their innovative AI driver technology has been integrated into multiple platforms, reinforcing their position as a leader in physical AI and autonomous mobility solutions.
