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Nvidia is among a group of new investors to back Nuro \u2014 which develops self-driving software for delivery and ride-hailing services \u2014 in a funding round that has reached $203 million.<\/p>\n
The Silicon Valley startup announced Thursday that several investors, including existing backer Baillie Gifford, added another $97 million to its Series E round. New investors include Icehouse Ventures, Kindred Ventures, Nvidia, and Pledge Ventures. Uber, which last month said it would make a \u201cmulti-hundred-million dollar\u201d investment in Nuro as part of a broader deal<\/a> with the electric car maker Lucid, also participated.\u00a0<\/p>\n Nvidia\u2019s investment follows years of technical collaboration with Nuro. The startup uses Nvidia GPUs for its large-scale data processing and model training, and its latest compute model is built on the Nvidia Drive AGX Thor platform.<\/p>\n The first $106 million tranche of Series E funding was announced in April. Investment accounts advised by T. Rowe Price Associates, Fidelity Management & Research Company, Tiger Global Management, Greylock Partners, and XN participated in that first block.\u00a0<\/p>\n Nuro has raised $2.3 billion to date. Its Series E post-money valuation is $6 billion. That\u2019s a 30% drop from its $8.6 billion valuation in 2021 when Nuro raised $600 million in a Series D round.\u00a0<\/p>\n Much has changed in the past four years for Nuro and the broader autonomous vehicles industry. Like most startups in the nascent autonomous vehicle technology sector, Nuro was forced to examine its business model after economic conditions shut off the once-free flowing tap of capital and ushered in a period of consolidation.<\/p>\n Nuro went through several rounds of layoffs in 2022 and 2023 before overhauling its business strategy. In 2024, Nuro scrapped plans<\/a> to own and operate a fleet of low-speed, on-road delivery bots, and instead focused its efforts on licensing its technology to automakers and mobility providers, like ride-hail and delivery companies.\u00a0<\/p>\n Techcrunch event<\/p>\n \n\t\t\t\t\t\t\t\t\tSan Francisco<\/span>
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\n\t\t\t\t\t\t\t\t\t\t\t\t\tOctober 27-29, 2025<\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n