Autonomous driving technology startup Nuro has reached a valuation of $6 billion following a successful $106 million funding round. This latest investment was supported by prominent firms including T Rowe Price Associates, Fidelity Management & Research, Tiger Global, Greylock Partners, and XN Investment Company. It has been over three years since Nuro's previous funding round, which raised $600 million.
The company plans to use the newly acquired funds to scale its artificial intelligence technology and further develop commercial partnerships. Nuro is focused on enhancing its autonomous driving solutions, aiming to capitalize on the growing demand in this innovative sector.