# The Boring Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/the-boring-company

- Industry: Construction
- Headquarters: Bastrop, US
- Website: www.boringcompany.com
- Total disclosed funding: $3.8B
- Latest round: Series D (Sep 5, 2026)
- Investors on record: 22

## About

The Boring Company develops innovative tunneling solutions to alleviate urban transportation challenges, focusing on advanced infrastructure technology to enhance mobility. Founded in 2016 in Bastrop, US, The Boring Company creates tunneling infrastructure aimed at transforming urban transit. Steve Davis is the CEO of the company. The founder, Elon Musk, leads the company, which has engaged in three funding rounds.

The Boring Company specializes in innovative tunneling solutions for urban transportation challenges. Its main offerings include the LVCC Loop, an all-electric underground public transport system operational at the Las Vegas Convention Center, and Prufrock, an advanced tunneling machine designed to achieve speeds of up to one mile per week. The company serves city governments, transportation authorities, and large-scale event venues, primarily in urban centers in the United States. The Boring Company's revenue model revolves around service contracts and partnerships with municipal and commercial entities for transportation infrastructure solutions. Client agreements typically involve designing and constructing tailored tunneling projects like the LVCC Loop. These contracts may include ongoing maintenance and operational support, generating a consistent revenue stream based on project complexity and scope, anchored by the Loop system and Prufrock technology. In September 2026, The Boring Company raised USD 3 billion in series D funding led by United Arab Emirates, with participation from Andreessen Horowitz, BAMCO, Human Capital, Shamal Holding, Temasek Holdings, Sequoia, Valor Equity Partners, and Vy Capital. The company will use the September 2026 funding for underground transportation infrastructure, tunnel network, and Loop project expansion.

## Funding rounds

- Series D, Sep 5, 2026, $3B — Sequoia, Valor Equity Partners, Andreessen Horowitz, Temasek Holdings, Vy Capital, Human Capital, BAMCO, Shamal Holding
- Series C, Apr 20, 2022, $675M — Hong Shan, Brookfield Property Group, Valor Equity Partners, Founders Fund, Tishman Speyer, Vy Capital, DFJ Growth, 8VC, Craft Ventures, Lennar Corporation, Dacra Development Corp.
- Series B, Jul 19, 2019, $117M — Draper Fisher Jurvetson, DFJ Tamir Fishman Ventures, Valor Capital Group, Vy Capital, 8VC, Gigafund, Craft Ventures, Future Ventures

## Investors

- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series B
- DFJ Tamir Fishman Ventures (https://capitalatlas.ai/funds/dfj-tamir-fishman-ventures) — Series B
- Valor Capital Group (https://capitalatlas.ai/funds/valor-capital-group) — Series B
- Vy Capital (https://capitalatlas.ai/funds/vy-capital) — Series B, Series C, Series D
- 8VC (https://capitalatlas.ai/funds/8vc) — Series B, Series C
- Gigafund (https://capitalatlas.ai/funds/gigafund) — Series B
- Craft Ventures (https://capitalatlas.ai/funds/craft-ventures) — Series B, Series C
- Future Ventures — Series B
- Hong Shan — Series C
- Brookfield Property Group — Series C
- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Series C, Series D
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series C
- Tishman Speyer (https://capitalatlas.ai/funds/tishman-speyer) — Series C
- DFJ Growth (https://capitalatlas.ai/funds/dfj-growth) — Series C
- Lennar Corporation — Series C
- Dacra Development Corp. — Series C
- Sequoia (https://capitalatlas.ai/funds/sequoia) — Series D
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series D
- Temasek Holdings — Series D
- Human Capital (https://capitalatlas.ai/funds/human-capital) — Series D
- BAMCO — Series D
- Shamal Holding — Series D