Nvidia has joined a new wave of investors backing Nuro, the self-driving software startup for delivery and ride-hailing, in a $203 million Series E round.
The Silicon Valley company announced Thursday that investors added another $97 million, with new backers including Icehouse Ventures, Kindred Ventures, Nvidia, and Pledge Ventures. Existing supporters Baillie Gifford and Uber also participated.
Nvidia’s investment comes after years of technical collaboration with Nuro, which uses Nvidia GPUs for large-scale data processing and model training. Its latest computer model is built on the Nvidia Drive AGX Thor platform.
The first $106 million tranche of the round was announced in April, with contributions from T. Rowe Price Associates, Fidelity, Tiger Global, Greylock Partners, and XN. Nuro has now raised $2.3 billion to date, with a post-money valuation of $6 billion, down from $8.6 billion in 2021.
The startup, which employs around 700 people, shifted its strategy in 2024, abandoning plans to operate its own fleet of delivery bots. Instead, Nuro now licenses its self-driving tech to automakers and mobility companies. The pivot has gained traction, most notably in Uber’s deal to integrate Nuro tech into Lucid Gravity SUVs for a robotaxi service. Uber invested $300 million in Lucid and committed to buying 20,000 EVs, while also pledging a multi-hundred-million-dollar investment in Nuro.
Nuro co-founder and president Dave Ferguson said the company is focused on securing new commercial partnerships to bring autonomy to scale globally.
