The Boring Company
Tunnel boring machines, including the Prufrock series, and underground Loop transportation systems that the company builds and operates. The Vegas Loop runs in Las Vegas, and projects are in development in Nashville and Dubai.
VP50 · #48Robotics & industrialsConstructionBastrop, Texas, United States
FoundersSince 2016
- Valuation
- $23B
- Total raised
- $908M
- Last round · Sep 2026
- Series D
- Founded
- 2016
- Employees
- 683
- Quarters in VP50
- 5
Valuation
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Funding round | Jul 25, 2019 | $920M | $120M | Unknown |
| Series C | Apr 20, 2022 | $5.7B | $675M | Sequoia Capital and Vy Capital |
| Series D | Sep 9, 2026 | $23B | $3.0B | the United Arab Emirates and affiliated investment entities |
Post-money valuation at each priced round. Log scale.Hover a point for the round
Updated
In VP50
- Q4 2023: no place
- Q1 2024: no place
- Q2 2024: no place
- Q3 2024: no place
- Q4 2024: no place
- Q1 2025: no place
- Q2 2025: no place
- Q3 2025: no place
- Q4 2025: no place
- Q1 2026: no place
- Q2 2026: #20
- Q3 2026: #37
- Q4 2026: #48
Place by quarter since Q4 2023. Best place #20.
Funding rounds
DateRound · leadRaisedValuation
Sep 9, 2026Series D · the United Arab Emirates and affiliated investment entities$3.0B$23B
Jul 25, 2019Funding round$120M$920M
Apr 16, 2018Funding round$113M—
Signals
Team
Elon Reeve MuskFounder- Steve DavisPresident
- Arun PrakashCFO
- Mark MunizVice president of operations
- Seth HooperDirector of Loop operations
