Vivold Consulting

Self-driving car tech start-up Nuro raises more than $200mn at $6bn valuation

Key Insights

Nuro, backed by SoftBank, secures $203 million in funding, elevating its valuation to $6 billion. Notable investors include:

- Uber
- Nvidia
- Baillie Gifford

The company is shifting from delivery robots to licensing autonomous driving platforms, aiming to supply systems ranging from level 2 driver-assist to fully autonomous level 4 systems.

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Is Nuro's Pivot the Future of Autonomous Driving?

Nuro's recent funding round, led by major players like Uber and Nvidia, underscores growing confidence in autonomous vehicle technology. By transitioning from delivery robots to licensing comprehensive autonomous driving platforms, Nuro is positioning itself as a key supplier in the evolving self-driving car market. This strategic shift could accelerate the adoption of autonomous systems across various vehicle classes. ([ft.com](https://www.ft.com/content/264cecb7-aa7c-4cd3-9a54-601b3b7ba192?utm_source=openai))