The Boring Company valuation, funding and investors
The Boring Company works in tunnel construction services, based in Las Vegas, United States. Founded in 2017, it has about 800 employees.
- Last round
- Series D · $3.00B · Sep 2026
- Valuation at last round
- $23.00B
- Headcount
- 800 · up
- Grade
- A
- Founded
- 2017
The Boring Company valuation today
VCMC values The Boring Company at $23.8B today, with a range of $20.0B to $35.0B and a grade of A. The valuation starts from its last funding round, a Series D round in Sep 2026.
Valuation by date (123 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2017 | $7.03M | $2.56M – $19.3M | $9.63M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2017 | $7.22M | $2.63M – $19.8M | $9.89M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2017 | $7.39M | $2.69M – $20.3M | $10.1M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2017 | $7.59M | $2.76M – $20.9M | $10.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2017 | $7.79M | $2.84M – $21.4M | $10.7M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2017 | $8.00M | $2.91M – $22.0M | $11.0M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2017 | $8.21M | $2.99M – $22.6M | $11.3M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2017 | $8.44M | $3.07M – $23.2M | $11.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Sep 2017 | $8.67M | $3.15M – $23.8M | $11.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Oct 2017 | $8.89M | $3.24M – $24.4M | $12.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 Nov 2017 | $9.14M | $3.33M – $25.1M | $12.5M (+37%) | before first round | – | unknown | D | 0% |
| 1 Dec 2017 | $9.37M | $3.41M – $25.8M | $12.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jan 2018 | $9.63M | $3.51M – $26.5M | $13.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2018 | $9.89M | $3.60M – $27.2M | $13.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2018 | $10.1M | $3.69M – $27.8M | $13.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2018 | $10.4M | $3.79M – $28.6M | $14.3M (+37%) | before first round | – | unknown | D | 0% |
| 17 Apr 2018 | $629M | $412M – $1.7B | $1.1B (+80%) | after a round | – | unknown | C | 0% |
| 1 May 2018 | $643M | $412M – $1.7B | $1.1B (+76%) | after a round | – | unknown | C | 0% |
| 1 Jun 2018 | $676M | $412M – $1.7B | $1.1B (+67%) | after a round | – | unknown | C | 0% |
| 1 Jul 2018 | $709M | $412M – $1.7B | $1.1B (+59%) | after a round | – | unknown | C | 0% |
| 1 Aug 2018 | $746M | $412M – $1.7B | $1.1B (+52%) | after a round | – | unknown | C | 0% |
| 1 Sep 2018 | $784M | $412M – $1.7B | $1.1B (+44%) | after a round | – | unknown | C | 0% |
| 1 Oct 2018 | $823M | $412M – $1.7B | $1.1B (+37%) | after a round | – | unknown | C | 0% |
| 1 Nov 2018 | $865M | $412M – $1.7B | $1.1B (+31%) | after a round | – | unknown | C | 0% |
| 1 Dec 2018 | $908M | $412M – $1.7B | $1.1B (+25%) | after a round | – | unknown | C | 0% |
| 1 Jan 2019 | $954M | $412M – $1.7B | $1.1B (+18%) | after a round | – | unknown | C | 0% |
| 1 Feb 2019 | $1.0B | $412M – $1.7B | $1.1B (+13%) | after a round | – | unknown | C | 0% |
| 1 Mar 2019 | $1.0B | $412M – $1.7B | $1.1B (+8%) | after a round | – | unknown | C | 0% |
| 1 Apr 2019 | $1.1B | $412M – $1.7B | $1.1B (+2%) | after a round | – | unknown | C | 0% |
| 1 May 2019 | $1.1B | $403M – $1.7B | $1.1B (0%) | after a round | – | unknown | C | 0% |
| 1 Jun 2019 | $1.1B | $383M – $1.7B | $1.1B (0%) | after a round | – | unknown | C | 0% |
| 1 Jul 2019 | $1.1B | $364M – $1.7B | $1.1B (0%) | after a round | – | unknown | C | 0% |
| 26 Jul 2019 | $920M | $800M – $1.2B | $1.0B (+10%) | after a round | – | unknown | A | 0% |
| 1 Aug 2019 | $922M | $800M – $1.2B | $1.0B (+10%) | after a round | – | unknown | A | 0% |
| 1 Sep 2019 | $929M | $800M – $1.2B | $1.0B (+9%) | after a round | – | unknown | A | 0% |
| 1 Oct 2019 | $936M | $800M – $1.2B | $1.0B (+8%) | after a round | – | unknown | A | 0% |
| 1 Nov 2019 | $944M | $800M – $1.2B | $1.0B (+7%) | after a round | – | unknown | A | 0% |
| 1 Dec 2019 | $951M | $800M – $1.2B | $1.0B (+6%) | after a round | – | unknown | A | 0% |
| 1 Jan 2020 | $959M | $800M – $1.2B | $1.0B (+6%) | after a round | – | unknown | A | 0% |
| 1 Feb 2020 | $967M | $800M – $1.2B | $1.0B (+5%) | after a round | – | unknown | A | 0% |
| 1 Mar 2020 | $974M | $800M – $1.2B | $1.0B (+4%) | after a round | – | unknown | A | 0% |
| 1 Apr 2020 | $982M | $800M – $1.2B | $1.0B (+3%) | after a round | – | unknown | A | 0% |
| 1 May 2020 | $990M | $800M – $1.2B | $1.0B (+2%) | after a round | – | unknown | A | 0% |
| 1 Jun 2020 | $998M | $800M – $1.2B | $1.0B (+1%) | after a round | – | unknown | A | 0% |
| 1 Jul 2020 | $1.0B | $800M – $1.2B | $1.0B (+1%) | after a round | – | unknown | A | 0% |
| 1 Aug 2020 | $1.0B | $790M – $1.2B | $1.0B (0%) | after a round | – | unknown | A | 0% |
| 1 Sep 2020 | $1.0B | $750M – $1.2B | $1.0B (0%) | after a round | – | unknown | A | 0% |
| 1 Oct 2020 | $1.0B | $714M – $1.2B | $1.0B (0%) | after a round | – | unknown | A | 0% |
| 1 Nov 2020 | $1.0B | $679M – $1.2B | $1.0B (0%) | after a round | – | unknown | A | 0% |
| 1 Dec 2020 | $1.0B | $646M – $1.2B | $1.0B (0%) | after a round | – | unknown | A | 0% |
| 1 Jan 2021 | $1.0B | $614M – $1.2B | $1.0B (0%) | after a round | – | unknown | B | 0% |
| 1 Feb 2021 | $1.0B | $584M – $1.2B | $1.0B (0%) | after a round | – | unknown | B | 0% |
| 1 Mar 2021 | $1.0B | $557M – $1.2B | $1.0B (0%) | after a round | – | unknown | B | 0% |
| 1 Apr 2021 | $1.0B | $530M – $1.2B | $1.0B (0%) | after a round | – | unknown | B | 0% |
| 1 May 2021 | $1.0B | $504M – $1.2B | $1.0B (0%) | after a round | – | unknown | B | 0% |
| 1 Jun 2021 | $1.0B | $479M – $1.2B | $1.0B (0%) | after a round | – | unknown | B | 0% |
| 1 Jul 2021 | $1.0B | $456M – $1.2B | $1.0B (0%) | after a round | – | unknown | B | 0% |
| 1 Aug 2021 | $1.0B | $434M – $1.2B | $1.0B (0%) | after a round | – | unknown | B | 0% |
| 1 Sep 2021 | $1.0B | $412M – $1.2B | $1.0B (0%) | after a round | – | unknown | B | 0% |
| 1 Oct 2021 | $1.0B | $392M – $1.2B | $1.0B (0%) | after a round | – | unknown | B | 0% |
| 1 Nov 2021 | $1.0B | $373M – $1.2B | $1.0B (0%) | after a round | – | unknown | B | 0% |
| 1 Dec 2021 | $1.0B | $355M – $1.2B | $1.0B (0%) | after a round | – | unknown | B | 0% |
| 1 Jan 2022 | $1.0B | $337M – $1.2B | $1.0B (0%) | after a round | – | unknown | C | 0% |
| 1 Feb 2022 | $1.0B | $320M – $1.2B | $1.0B (0%) | after a round | – | unknown | C | 0% |
| 1 Mar 2022 | $1.0B | $306M – $1.2B | $1.0B (0%) | after a round | – | unknown | C | 0% |
| 1 Apr 2022 | $1.0B | $291M – $1.2B | $1.0B (0%) | after a round | 200 | unknown | C | 0% |
| 21 Apr 2022 | $5.7B | $4.9B – $8.5B | $7.4B (+30%) | after a round | 200 | unknown | A | 0% |
| 1 May 2022 | $5.7B | $4.9B – $8.5B | $7.4B (+29%) | after a round | 200 | unknown | A | 0% |
| 1 Jun 2022 | $5.8B | $4.9B – $8.5B | $7.4B (+26%) | after a round | 200 | unknown | A | 0% |
| 1 Jul 2022 | $6.0B | $4.9B – $8.5B | $7.4B (+23%) | after a round | 200 | unknown | A | 0% |
| 1 Aug 2022 | $6.1B | $4.9B – $8.5B | $7.4B (+21%) | after a round | 200 | unknown | A | 0% |
| 1 Sep 2022 | $6.2B | $4.9B – $8.5B | $7.4B (+18%) | after a round | 200 | unknown | A | 0% |
| 1 Oct 2022 | $6.4B | $4.9B – $8.5B | $7.4B (+16%) | after a round | 200 | unknown | A | 0% |
| 1 Nov 2022 | $6.5B | $4.9B – $8.5B | $7.4B (+13%) | after a round | 200 | unknown | A | 0% |
| 1 Dec 2022 | $6.7B | $4.9B – $8.5B | $7.4B (+11%) | after a round | 200 | unknown | A | 0% |
| 1 Jan 2023 | $6.8B | $4.9B – $8.5B | $7.4B (+8%) | after a round | 200 | unknown | A | 0% |
| 1 Feb 2023 | $7.0B | $4.9B – $8.5B | $7.4B (+6%) | after a round | 200 | unknown | A | 0% |
| 1 Mar 2023 | $7.1B | $4.9B – $8.5B | $7.4B (+4%) | after a round | 200 | unknown | A | 0% |
| 1 Apr 2023 | $7.9B | $4.9B – $9.2B | $8.0B (+2%) | after a round | 290 | growing | B | 0% |
| 1 May 2023 | $8.0B | $5.0B – $9.2B | $8.0B (0%) | after a round | 290 | growing | B | 0% |
| 1 Jun 2023 | $8.0B | $5.0B – $9.2B | $8.0B (0%) | after a round | 290 | growing | B | 0% |
| 1 Jul 2023 | $8.0B | $5.1B – $9.2B | $8.0B (0%) | after a round | 290 | growing | A | 0% |
| 1 Aug 2023 | $8.0B | $5.1B – $9.2B | $8.0B (0%) | after a round | 290 | growing | A | 0% |
| 1 Sep 2023 | $8.0B | $5.2B – $9.2B | $8.0B (0%) | after a round | 290 | growing | A | 0% |
| 1 Oct 2023 | $8.0B | $5.3B – $9.2B | $8.0B (0%) | after a round | 290 | growing | A | 0% |
| 1 Nov 2023 | $8.0B | $3.9B – $9.2B | $8.0B (0%) | after a round | 290 | unknown | B | 0% |
| 1 Dec 2023 | $8.0B | $3.7B – $9.2B | $8.0B (0%) | after a round | 290 | unknown | B | 0% |
| 1 Jan 2024 | $8.0B | $3.6B – $9.2B | $8.0B (0%) | after a round | 290 | unknown | B | 0% |
| 1 Feb 2024 | $8.0B | $3.4B – $9.2B | $8.0B (0%) | after a round | 290 | unknown | B | 0% |
| 1 Mar 2024 | $8.6B | $6.0B – $9.9B | $8.6B (0%) | after a round | 400 | growing | A | 0% |
| 1 Apr 2024 | $8.6B | $6.1B – $9.9B | $8.6B (0%) | after a round | 400 | growing | A | 0% |
| 1 May 2024 | $8.6B | $5.8B – $9.9B | $8.6B (0%) | after a round | 400 | growing | A | 0% |
| 1 Jun 2024 | $8.6B | $5.8B – $9.9B | $8.6B (0%) | after a round | 400 | growing | A | 0% |
| 1 Jul 2024 | $8.6B | $5.9B – $9.9B | $8.6B (0%) | after a round | 400 | growing | A | 0% |
| 1 Aug 2024 | $8.9B | $6.1B – $10.3B | $8.9B (0%) | after a round | 480 | growing | A | 0% |
| 1 Sep 2024 | $8.9B | $6.1B – $10.3B | $8.9B (0%) | after a round | 480 | growing | A | 0% |
| 1 Oct 2024 | $8.9B | $6.1B – $10.3B | $8.9B (0%) | after a round | 480 | growing | A | 0% |
| 1 Nov 2024 | $9.1B | $4.3B – $10.4B | $9.0B (-1%) | after a round | 510 | up | B | 0% |
| 1 Dec 2024 | $9.1B | $4.2B – $10.4B | $9.0B (-1%) | after a round | 510 | up | B | 0% |
| 1 Jan 2025 | $9.1B | $4.1B – $10.4B | $9.0B (-1%) | after a round | 510 | up | B | 0% |
| 1 Feb 2025 | $9.1B | $4.1B – $10.4B | $8.9B (-1%) | after a round | 510 | up | B | 0% |
| 1 Mar 2025 | $9.1B | $4.0B – $10.4B | $8.9B (-1%) | after a round | 510 | up | B | 0% |
| 1 Apr 2025 | $9.1B | $3.9B – $10.4B | $8.9B (-2%) | after a round | 510 | up | B | 0% |
| 1 May 2025 | $9.1B | $3.0B – $10.4B | $8.9B (-2%) | after a round | 510 | up | C | 0% |
| 1 Jun 2025 | $9.0B | $2.9B – $10.4B | $8.9B (-2%) | after a round | 510 | up | C | 0% |
| 1 Jul 2025 | $9.4B | $5.5B – $10.8B | $9.4B (0%) | after a round | 609 | growing | B | 0% |
| 1 Aug 2025 | $9.4B | $5.4B – $10.8B | $9.4B (0%) | after a round | 607 | growing | B | 0% |
| 1 Sep 2025 | $9.4B | $5.4B – $10.8B | $9.4B (0%) | after a round | 607 | growing | B | 0% |
| 1 Oct 2025 | $9.3B | $2.7B – $10.7B | $9.2B (-2%) | after a round | 607 | up | C | 0% |
| 1 Nov 2025 | $9.4B | $2.6B – $10.9B | $9.4B (-1%) | after a round | 625 | up | C | 0% |
| 1 Dec 2025 | $9.6B | $5.3B – $11.0B | $9.6B (0%) | after a round | 653 | growing | B | 0% |
| 1 Jan 2026 | $9.6B | $5.2B – $11.0B | $9.6B (0%) | after a round | 653 | growing | B | 0% |
| 1 Feb 2026 | $9.6B | $5.1B – $11.0B | $9.6B (0%) | after a round | 653 | growing | B | 0% |
| 1 Mar 2026 | $9.6B | $2.3B – $11.1B | $9.6B (-1%) | after a round | 680 | up | C | 0% |
| 1 Apr 2026 | $9.6B | $2.3B – $11.0B | $9.5B (-1%) | after a round | 680 | up | C | 0% |
| 1 May 2026 | $9.7B | $4.4B – $11.1B | $9.7B (0%) | after a round | 690 | growing | B | 0% |
| 1 Jun 2026 | $9.1B | $1.8B – $10.5B | $8.7B (-5%) | after a round | 690 | up | C | 0% |
| 1 Jul 2026 | $9.1B | $1.7B – $10.5B | $8.6B (-5%) | after a round | 690 | up | C | 0% |
| 1 Aug 2026 | $9.2B | $1.6B – $10.6B | $8.8B (-4%) | after a round | 708 | up | C | 0% |
| 1 Sep 2026 | $9.2B | $1.6B – $10.5B | $8.8B (-4%) | after a round | 708 | up | C | 0% |
| 10 Sep 2026 | $23.0B | $20.0B – $34.4B | $29.9B (+30%) | after a round | 708 | up | A | 0% |
| 1 Oct 2026 | $23.4B | $20.0B – $34.4B | $29.9B (+28%) | after a round | 742 | up | A | 0% |
| 24 Oct 2026 | $23.8B | $20.0B – $35.0B | $30.4B (+28%) | after a round | 800 | up | A | 0% |
Key facts about The Boring Company
- Founded
- 2017
- Headquarters
- Las Vegas, United States
- Employees
- about 800 +28% in a year
- Total raised
- $3.91B
- Funding rounds
- 4
- Last round
- Series D Sep 2026
The Boring Company was founded in 2017 by Elon Musk.
The Boring Company funding history
The Boring Company has 4 funding rounds on record, from Apr 2018 to Sep 2026, $3.91B in total. The latest disclosed valuation is $23.00B post-money (Series D, Sep 2026).
Series D 9 Sep 2026
Led by United Arab Emirates, Affiliated investment entities; with Human Capital, Vy Capital, Valor, Sequoia Capital, Andreessen Horowitz, Temasek, Shamal, Baron Capital.
Sources: boringcompany.com, techcrunch.com, finance.yahoo.com and 1 more
$3.00B
$23.00B post-money
Series C 20 Apr 2022
Led by Vy Capital, Sequoia Capital; with Valor, Founders Fund, 8VC, Craft Ventures, DFJ Growth, Brookfield, Lennar, Tishman Speyer, Dacra, Vika Ventures.
Sources: boringcompany.com, techcrunch.com, tucmagazine.org and 3 more
$675M
$5.67B post-money
Growth Equity 25 Jul 2019
With 8VC, dfj, Future Ventures, Vy Capital, Craft Ventures, Valor Capital Group, DJF.
Sources: cnbc.com, govtech.com, axios.com
$120M
$920M post-money
Series A 16 Apr 2018
Led by Sequoia Capital; with Vy Capital, Elon Musk, Early Employees. Individuals: Elon Musk, early employees.
Sources: geekwire.com, cnbc.com, techcrunch.com and 1 more
$113M
The Boring Company investors
25 investors have backed The Boring Company; Vy Capital, Sequoia Capital and Affiliated investment entities and 1 more led at least one round.
- Sequoia Capital lead, 3 rounds
- Affiliated investment entities lead
- United Arab Emirates lead
- 8VC 2 rounds
- Craft Ventures 2 rounds
- Valor 2 rounds
- Andreessen Horowitz
- Baron Capital
- Brookfield
- Dacra
- DFJ Growth
- DJF
- Early Employees
- Elon Musk
- Founders Fund
- Lennar
- Temasek
- Tishman Speyer
- Vika Ventures
What The Boring Company does
The Boring Company works in construction services, with 15 recorded offerings and customers in transportation and infrastructure.
The Boring Company is a United States company engaged in the design, construction, and operation of transportation, utility, and freight tunnels. The company develops and implements tunneling technologies, including the use of Prufrock boring machines and Hyperloop systems, to support rapid transit and urban mobility. Its operations include the development of underground transportation systems, such as the Las Vegas Loop and LVCC Loop, which provide zero-emission, all-electric services for passengers and freight. The Boring Company collaborates with government agencies, private sector partners, and educational institutions to deliver infrastructure solutions and supports research and development in tunneling and hyperloop technologies.
Description from Veridion's company data.
Products and services
- Tunnel Construction Services
- Urban Transportation Tunnel Development
- Passenger Rapid Transit System Operation
- Freight Tunnel Construction Services
- Utility Tunnel Construction Services
- High-Speed Hyperloop System Development
- Zero-Emissions Electric Transit System Deployment
- Advanced Boring Technology Implementation
- Sustainable Infrastructure Solutions Consulting
- Collaborative Infrastructure Project Delivery
- Large-Scale Tunnel Network Planning
- Rapid Point-to-Point Transportation Solutions
- Accessibility-Focused Transit Facility Design
- Environmental Impact Reduction Consulting
- Urban Congestion Mitigation Solutions
Markets
- Transportation
- Infrastructure
Technology
- Hyperloop System
Business model
- Business-to-Business
- Business-to-Consumer
- Service Provider
- Logistics/Transportation
Industry codes (NAICS)
- 237990 Other Heavy and Civil Engineering Construction 70% match
- 485119 Other Urban Transit Systems 30% match
Questions about The Boring Company
What is The Boring Company worth?
Valuation $23.8B (range $20.0B to $35.0B), as of 24 Oct 2026. The last disclosed valuation was $23.00B (Series D, Sep 2026).
Has The Boring Company raised money?
The Boring Company has 4 funding rounds on record, from Apr 2018 to Sep 2026, $3.91B in total. The latest disclosed valuation is $23.00B post-money (Series D, Sep 2026).
Who has invested in The Boring Company?
Vy Capital, Sequoia Capital, Affiliated investment entities, United Arab Emirates, 8VC and Craft Ventures, and 19 more. Lead investors include Vy Capital, Sequoia Capital, Affiliated investment entities and United Arab Emirates.
How many people work at The Boring Company?
About 800, up 28% over the last year. Headcount grew from 200 in Apr 2022 to 800 in Oct 2026.
What does The Boring Company do?
The Boring Company works in construction services, with 15 recorded offerings and customers in transportation and infrastructure. Its main offerings are tunnel construction services, urban transportation tunnel development and passenger rapid transit system operation.
When was The Boring Company founded, and where is it based?
The Boring Company was founded in 2017 and is based in Las Vegas, United States. It has about 800 employees, up 28% over the last year.