Nuro affords Driver and Driver Help, every combining automotive-grade {hardware} with self-driving software program. | Supply: Nuro
Nuro Inc. right this moment introduced that it has raised $106 million to date in its ongoing Collection E spherical, which values the corporate at $6 billion. The Mountain View, Calif.-based firm stated the funding demonstrates investor confidence in its autonomy platform and licensing-driven enterprise mannequin.
“We’re excited to see sturdy investor enthusiasm for our Collection E,” said Jiajun Zhu, co-founder and CEO of Nuro. “Our expertise, years of expertise with driver-out Stage 4 deployments, and deal with licensing uniquely place us to assist automakers, mobility platforms, and business fleets speed up their autonomy roadmaps.”
The firm affords two flagship merchandise to automotive producers, suppliers, and mobility firms: the SAE Stage 4 Nuro Driver and “Stage 2++” Nuro Driver Help. It stated every combines automotive-grade {hardware} with “AI-first” self-driving software program.
By licensing its vehicle-agnostic, cost-effective system, the corporate claimed that it permits integration throughout business fleets, robotaxis, and private automobiles.
With greater than eight years of improvement and 4 years of real-world deployments in California and Texas, Nuro stated it is among the few firms to have efficiently deployed driverless expertise at a metropolis scale with no security driver.
In September 2024, the corporate expanded its enterprise mannequin to incorporate licensing Nuro Driver to automotive OEMs. As a part of the brand new licensing mannequin, it additionally introduced the Nuro AI Platform, which consists of scalable and performant developer instruments to assist synthetic intelligence improvement and validation for the Nuro Driver.
In November 2024, Nuro expanded its driverless capabilities utilizing zero-occupant automobiles with its AI-powered self-driving system. The corporate expanded deployments in Mountain View and Palo Alto, Calif., by 83%, and its deployment in Houston by 70%, when it comes to linear miles.
Whereas Waymo has dominated latest autonomous driving headlines, Nuro gained a variety of traction in 2020 when it grew to become the primary U.S. autonomous car developer to be granted exemptions by the U.S. Nationwide Freeway Visitors Security Administration (NHTSA) for testing on public roads while not having controls for human operators. Later that 12 months, the corporate obtained a second allow to check the R2 on sure public roads in sections of 9 cities inside Santa Clara and San Mateo counties.
Since then, it has labored with Domino’s, Walmart, FedEx, 7-Eleven, Kroger, and Uber Eats for varied supply actions.
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Nuro funding to assist scaling, business partnerships
The corporate stated its Collection E spherical brings its whole funding to $2.2 billion to this point. It plans to make use of the financing for its subsequent part of development—scaling its AI-based expertise platform and advancing business partnerships.
The spherical included participation from new and returning traders, in addition to strategic companions. Buyers embody funds and accounts suggested by T. Rowe Worth Associates, Inc., Constancy Administration & Analysis Co., Tiger International Administration, Greylock Companions, and XN LP. Particulars about collaborating strategic traders can be included in an upcoming partnership announcement.
The corporate stated it can share particulars on further Collection E contributors within the coming weeks.
