Nuro Accelerates Autonomous Ambitions with $203M Series E Boost from Uber and NVIDIA

Nuro, a leading autonomous driving technology company based in California, has successfully secured $203 million in their Series E funding round, with strategic investments from Uber and NVIDIA. This fresh influx of capital is poised to support Nuro's ambitious expansion in the last-mile delivery market.

Uber and NVIDIA have entered the round as strategic partners for the first time, adding significant value beyond just financial backing. This round also includes participation from other noted investors such as Baillie Gifford, Icehouse Ventures, Kindred Ventures, Pledge Ventures, and more. Nuro's current valuation stands at an impressive $6 billion post-investment, highlighting the market's confidence in its technological prowess and business model.

Nuro has made substantial strides in deploying its autonomous vehicles across various urban and suburban settings in the United States. The company has been operating in cities like Palo Alto and Mountain View in California, as well as Houston, Texas. Their technology is frequently utilized by major partners including Kroger, Domino's Pizza, CVS Health, and 7-Eleven, cementing their position in the delivery service sector.

The funding marks a significant milestone for Nuro as it continues to demonstrate the scalability and commercial viability of its AI-driven autonomous vehicles. Nuro intends to use this boost to broaden its technological edge and deepen business collaborations. The company is particularly focused on expanding the deployment of its advanced automatic driving systems, which are designed to integrate seamlessly into commercial fleets, ridesharing services, and potentially private vehicles.

In line with this expansion, Nuro has further strengthened its collaboration with NVIDIA. The latest computation modules from Nuro are constructed using NVIDIA's DRIVE AGX Thor platform, enhancing their capability in large-scale data processing and model training through the cloud. This partnership leverages NVIDIA's expertise in AI and hardware, aiming for safer and more efficient autonomous vehicle integration.

Moreover, Nuro has joined forces with Lucid and Uber to introduce a new generation of autonomous taxis, aiming to deploy over 20,000 Lucid vehicles equipped with Nuro's driving systems in various global markets over the next few years.

These developments reflect the industry's growing confidence in Nuro's vision and technology, as it positions itself at the forefront of the autonomous delivery and transportation sector.