# The Boring Company raises $3B in round led by UAE — retained record

> Retained news record from news:techcrunch.

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source: [news](https://highsignal.app/data/news) (news:techcrunch)  published 2026-09-10 15:07 ingested 2026-09-10 22:21

[original source ↗](https://techcrunch.com/2026/09/10/the-boring-company-raises-3b-in-round-led-by-uae/)

## retained text



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Elon Musk’s tunneling company, The Boring Company, has raised a $3 billion Series D funding round that pushes its valuation to $23 billion.
The round was led by the United Arab Emirates. The Boring Company said Thursday that it now plans to dig more than 150 kilometers of tunnels in the Middle Eastern country. Andreessen Horowitz, Sequoia Capital, Human Capital, Vy Capital, and Valor Equity Partners also participated.
The Wall Street Journal reported in July that The Boring Company was looking to raise as much as $4 billion.
The Boring Company has done most of its digging to date in Las Vegas, Nevada, where it operates a handful of tunnels that connect hotel casinos and the convention center. It recently started work on a project in Nashville, Tennessee, that will involve a 10-mile “loop” underground.
The company has stated that its goal is to “solve traffic” by moving vehicle travel into an underground, three-dimensional network of tunnels.
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document fetched 2026-09-11 02:59 · canonical https://techcrunch.com/2026/09/10/the-boring-company-raises-3b-in-round-led-by-uae