Company profile

The Boring Company

The Boring Company, founded by Elon Musk in 2016 and headquartered in Pflugerville, Texas, has raised a total of $908 million across three funding rounds, reaching a $5.675 billion valuation as of April 2022. The company secured $113 million (Series A, 2018), $120 million (Series B, 2019), and $675 million (Series C, 2022) led by Sequoia Capital and Vy Capital. Specializing in tunnel construction and underground transit systems, The Boring Company is developing innovative projects like the Loop system and Prufrock tunneling machine to revolutionize urban transportation.

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Quick facts

Total funding: $908 million
Valuation: $5.675 billion
Headquarters: Pflugerville, Texas

Notable investors

Sequoia Capital
Vy Capital

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