Self-Driving Startup Nuro Raises $106 Million at Lower Valuation

Nuro Inc., the self-driving tech startup founded by two former Waymo engineers, announced a new funding round that it said will support its commercial expansion plans in additional US cities and internationally through 2027.

The Mountain View, California-based company raised $106 million in a Series E round from a mix of new and returning investors, the company said in a statement Wednesday. Existing backers who participated in the raise include T. Rowe Price, Fidelity Management & Research Co., Tiger Global Management, Greylock Partners and XN LP. The latest financing values the company at $6 billion, down from $8.6 billion ...