Nuro secures $6 billion valuation in latest funding round

Quick Summary:

Autonomous driving technology startup Nuro said on Wednesday it fetched a valuation of $6 billion after raising $106 million in its latest funding round, as investors bet on what is often touted as the future of mobility.

Nuro's funding underscores that despite subdued conditions elsewhere, investor appetite for hot sectors persists.U.S.

Valuations sobered up in the following years, and the company conducted two rounds of layoffs as an impending U.S.recession and the energy crisis in 2022 forced it to cut costs.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: View Nuro Mountain Funding Vehicle Technology Autonomous Self-driving Billion Latest Driving

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-09 @ 21:13:31 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 397 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 27758796

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