Nvidia is among a group of new investors in the back Nuro-which is developing self-guidance software for delivery and route services-in a round of funding that has reached $ 203 million.
Silicon Valley’s launch announced on Thursday that several investors, including existing supporter Baillie Gifford, added another $ 97 million to the E. E. series. New investors include Icehouse Ventures, Kindred Ventures, Nvidia and Pledge Ventures. Uber, who said last month that it would make a “hundreds of millions of dollars” in Nuro as part of a wider deal with Lucid electric car manufacturer, also participated.
Nvidia’s investment follows years of technical cooperation with Nuro. The start uses Nvidia GPUs to process data and large -scale models and its latest calculation model is based on the Nvidia Drive AGX Thor platform.
The first $ 106 million funding of Series E was announced in April. The investment accounts consulted by T. Rowe Price Associates, Fidelity Management & Research Company, Tiger Global Management, Greylock Partners and XN participated in the first bloc.
Nuro increased $ 2.3 billion to date. Estimation of the E series after money is $ 6 billion. This is the 30% drop in the $ 8.6 billion valuation in 2021, when Nuro increased $ 600 million in a round of D.
Much has changed over the last four years for NURO and the wider autonomous vehicle industry. Like most newly formed companies in the budding sector of autonomous vehicles, Nuro was forced to examine his business model after financial conditions closed the fountain of capital that once flowed and introduced in a period of integration.
Nuro passed several rounds of redundancies in 2022 and 2023 before revising their business strategy. In 2024, NURO dismantles plans to hold and exploit a low-speed fleet, on-road bots and, on the contrary, focused its efforts to authorize its technology in automakers and mobility providers, such as driving and delivery companies.
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The axis seemed to gain some attraction-mainly in July, when Uber announced plans to launch a robotaxi service using SUVs of all electric Lucid Gravity equipped with Nuro self-guidance technology. According to the deal, Uber invested $ 300 million in Lucid and agreed to buy “at least” 20,000 from EV Maker’s SUVs for the next six years.
Uber also said it would invest an amount that has not been disclosed in “many hundred million dollars” in Nuro. A source familiar with the deal told TechCrunch that the amount is more than the Uber investment in Lucid.
Part of Uber’s investment has gone towards the E. series. The rest of the investment will be divided into Nuro, as the company hits some milestones.
The co -founder and Nuro President Dave Ferguson said in a statement that the company was well positioned to continue the next phase of growth with the new chapter. He added that the company, which employs about 700 people, will focus on providing new trade partnerships to carry out autonomy on a global scale.
