The Boring Company Raises $3B at $23B Valuation
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Through its September 9, 2026 Series D announcement , The Boring Company disclosed a $3 billion funding round at a $23 billion valuation, led by the United Arab Emirates and affiliated investment entities. The same announcement links the proceeds to hiring, Loop construction, Prufrock development and a partnership targeting more than 150 kilometers of tunnel across the UAE. The financing has been raised; the nationwide tunnel target has not been built. TechCrunch's September 10 account independently corroborates the round, valuation and UAE leadership while noting that most of the company's digging has occurred in Las Vegas and that work recently started on a 10-mile Nashville project. The round combines Emirati backing with existing and new institutional investors. Reuters' account of the transaction identifies Human Capital, Vy Capital, Valor Equity Partners, Sequoia Capital, Andreessen Horowitz, Temasek, Shamal Holding and Baron Capital as participants, and says the proceeds will support engineering, production and operations hiring as well as Loop projects in Las Vegas, Nashville and Dubai. No public allocation divides the new capital among staffing, equipment development and individual construction programs. The identities and commitments of the UAE-affiliated investment entities also remain undisclosed, leaving the composition of the lead investment only partly visible...
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