POPA ReconThe Boring Company Raises $3B at a $23B Valuation
The Boring Company Raises $3B at a $23B Valuation The Boring Company raised $3 billion in a Series D round at a $23 billion valuation, led by the United Arab Emirates, as Elon Musk's tunneling venture pushes to dig mass underground infrastructure across the Gulf. The UAE and affiliated investment entities anchored the round, joined by Sequoia, a16z, Temasek, Vy Capital, Valor Equity Partners, Baron Capital, Human Capital and Shamal Holding. The capital funds more than 150 kilometers of tunnel across the Emirates, accelerates the Dubai Loop, and expands the Las Vegas Loop plus a new Music Cit…
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