Asian Tech Press (Nov 03) -- Nuro, an autonomous driving technology company and focused on self-driving delivery vehicles, has raised another round of funding, raising $600 million, according to media reports.
Nuro's Series D round was led by Tiger Global Management Fund, with participation from Baillie Gifford, Fidelity Management & Research, Banyan Tree Capital, T. Rowe Price Associates, supermarket chain Kroger, Softbank, Toyota's Woven Capital, and Google.
Among the investors in the $600 million Series D financing, SoftBank and Toyota's Woven Capital have previously invested in the round, and this round is a follow-on investment. In contrast, Google, which participated in the investment, is an unexpected investor.
Google will cooperate with Nuro, which has signed a five-year strategic cooperation agreement with Google Cloud, a subsidiary of Google.