Musk's Boring Company reaches $5.7bn valuation with latest $675mn funding
Shortpedia
Content Team
Image Credit: Business Insider
Elon Musk's underground tunneling project, The Boring Company, has raised $675 million in Series C funding round. This takes the valuation of the enterprise to $5.7 billion. The Austin-based company said that the funds will be used to increase its hiring in order to build and scale loop projects. The round was spearheaded by Vy Capital and Sequoia Capital.
