Nvidia is the last investor to support the Av Nuro startup in a financing round of $ 203 million

Nvidia is part of a group of new investors to support Nuro – which develops autonomous software for delivery and carpooling services – in a financing cycle which has reached $ 203 million.

The Silicon Valley startup announced Thursday that several investors, including the donor existing Baillie Gifford, added an additional $ 97 million to its E series. New investors include Icehouse Ventures, Kickred Ventures, Nvidia and Geged Ventures. Uber, who said last month that he would make an investment “of several hundred million dollars” in Nuro as part of a wider agreement with the electric car manufacturer Lucid, also participated.

Nvidia’s investment follows years of technical collaboration with Nuro. The startup uses NVIDIA GPUs for its large-scale data processing and model training, and its latest calculation model is built on the Nvidia Drive AGX Thor platform.

The first 106 million dollars in series of the E series was announced in April. Investment accounts recommended by T. Rowe Price Associates, Fidelity Management & Research Company, Tiger Global Management, Greylock Partners and XN participated in this first block.

Nuro has raised $ 2.3 billion to date. Its post-money E series assessment is $ 6 billion. It is a drop of 30% compared to its evaluation of $ 8.6 billion in 2021 when Nuro raised $ 600 million in a series D.

Many has changed over the past four years for Nuro and the wider industry of autonomous vehicles. Like most startups in the nascent sector of autonomous vehicle technology, Nuro was forced to examine its business model after the economic conditions closed the capital tap that flows once free and inaugurated in a consolidation period.

Nuro crossed several layoff cycles in 2022 and 2023 before revising its commercial strategy. In 2024, Nuro put plans to have to own and operate a fleet of low -speed and road delivery robots, and rather concentrated its efforts on the license from its technology to car manufacturers and mobility suppliers, such as driving and delivery companies.

The pivot seemed to win a certain traction – especially in July, when Uber announced its intention to launch a Robotaxi service using lucid gravity all electric equipped with Nuro autonomous technology. Under the agreement, Uber has invested $ 300 million in Lucid and agreed to buy “at least” 20,000 of the manufacturer’s severity in the next six years.

Uber has also said that it would invest an “several hundred million dollars” not disclosed in Nuro. A source familiar with the agreement told Techcrunch that the amount was more than Uber’s investment in Lucid.

Part of Uber’s investment has been devoted to the E series. The remaining investment will be repaired in Nuro while the company will cross certain milestones.

The co-founder and president of Nuro, Dave Ferguson, said in a press release that the company was well placed to continue its next growth phase with the new capital. He added that the company, which employs around 700 people, will focus on the issuance of new commercial partnerships to achieve autonomy worldwide.