Nuro brings in $106M to bolster licensing-driven business model

Nuro offers Driver and Driver Assist, each combining automotive-grade hardware with self-driving software. | Source: Nuro

Nuro Inc. today announced that it has raised $106 million so far in its ongoing Series E round, which values the company at $6 billion. The Mountain View, Calif.-based company said the funding demonstrates investor confidence in its autonomy platform and licensing-driven business model.

“We’re excited to see strong investor enthusiasm for our Series E,” stated Jiajun Zhu, co-founder and CEO of Nuro.