Nuro has announced a new round of financing led by Tiger Global Management with participation from Baillie Gifford, Fidelity Management & Research Company, LLC, Gaorong Capital, Google, Kroger, SoftBank Vision Fund 1, funds and accounts advised by T. Rowe Price Associates, Inc., Woven Capital, and other existing investors as part of the company’s Series D funding round. This $600M financing will support the development and deployment of the company’s autonomous delivery service in communities across North America.
The recently closed series D round will enable Nuro to continue the commercialization of its autonomous delivery vehicles. This funding round, which includes leading financial and strategic investors, will also assist the company in addressing long-standing pain points and shifting consumer trends accelerated by the COVID-19 pandemic.
When announcing the funding round, Nuro confirmed that it had signed a five-year strategic partnership with Google Cloud. The company says the partnership will work to support the scale and capacity required to run self-driving simulation workloads and machine learning to improve accuracy, and storage to manage important data from the vehicles. Through the partnership, Nuro and Google will also explore opportunities to strengthen local commerce.