Nuro, a Mountain View, Calif.-based autonomous vehicle company, raised $600m in Series D funding.
The round was led by Tiger Global Management with participation from Baillie Gifford, Fidelity Management & Research Company, LLC, Gaorong Capital, Google, Kroger, SoftBank Vision Fund 1, funds and accounts advised by T. Rowe Price Associates, Inc., Woven Capital, and other existing investors.
The company intends to use the funds for the development and deployment of its autonomous delivery service in communities across the country and expansion of its team.
Led by Dave Ferguson, co-founder and president, Nuro makes custom electric autonomous vehicles designed to bring the things people need—from produce to prescriptions—right to their home. The company has piloted autonomous local delivery for communities in Texas, Arizona, and California.
Nuro has also signed a five year strategic partnership with Google Cloud to support the massive scale and capacity required to run self-driving simulation workloads, machine learning to improve model accuracy, and storage to manage important data from the vehicles. Through their new partnership, Nuro and Google will also explore opportunities together to strengthen and transform local commerce.
FinSMEs
03/11/2021