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, a developer of autonomous driving technology and software, has raised $97 million in a Series E extension at a $6 billion valuation, the company on Thursday.

The financing builds upon the April news that Nuro had raised $106 million in the first tranche of that Series E.

The $6 billion valuation represents a decrease from the $8.6 billion Nuro was valued at in 2021 after raising a $600 million Series D led by .

In total, the Mountain View, California-based company says it has raised over $2.3 billion in funding since its 2016 inception.

Notably, the new round of funding included participation from , returning backer , and new investors , , and .

Nuro says the new capital will go toward the scaling of its 鈥淎I-first鈥� autonomous technology as well as the growth of its commercial partnerships.

In recent years, Nuro faced some major challenges, including and changing its business strategy, moving away from its delivery vehicles for packages to now licensing its autonomous driving software.

The move seems to have been a wise one so far.

In July, the company a partnership with and Uber to launch a 鈥渘ext-generation鈥� global robotaxi service.

鈥淭he closing of our Series E reinforces the strong conviction our investors and strategic partners have in Nuro鈥檚 technology, our scalable approach to commercialization, and our vision for the future of autonomy,鈥� said , Nuro鈥檚 co-founder and president, in .

Funding to autonomous driving tech bounced back in 2024, with 鈥檚 massive $5.6 billion round led by significantly helping the total reach $12.6 billion, per 萝莉视频 . In 2023 that number was only $5.9 billion. So far this year, funding is trending far lower than last year 鈥� with just over $2 billion flowing into autonomous driving tech startups.

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• Autonomous Driving Startup Nuro Raises $106M At $6B Valuation