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The Boring Company
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Developer of tunnel boring machinery and infrastructure

Founded in 2016
Founded in

Company type Private Public ()
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Industry Group transportation & logistics

Sector rail

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Los Angeles, CA Los Angeles, United States
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Updated by Jonathan Koch at on 07/26/2017

Edited by Cleantech Group on 10/27/2022

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Date Investors Type Amount
04/20/2022 Vy Capital Vy Capital , Sequoia Capital Sequoia Capital , Valor Equity Partners Valor Equity Partners , Founders Fund Founders Fund , 8VC 8VC , Craft Ventures Craft Ventures , DFJ Growth DFJ Growth , Brookfield Property Partners Brookfield Property Partners , Lennar Lennar , Tishman Speyer Tishman Speyer , Dacra Dacra (11)
Post-money valuation of $5.7B
This funding will be used for new hires across engineering, operations and production to build and scale more Loop projects, as well as R&D for Prufrock, the tunnel boring machine.
 Growth Equity $675,000,000
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