Autonomous Delivery Startup Nuro Lands Investment From Google, Tiger Global In New $600 Million Round

Company

About

Nuro has raised $600 million in a fundraising round led by new investor Tiger Global Management, capital that the autonomous delivery startup will use to ramp up commercial operations. The company has completed or is currently piloting its technology with a number of companies, including fast casual restaurant chain Chipotle, CVS pharmacies, FedEx, Kroger grocery stores and Walmart. Under this particular deal, Nuro and Google said they will also “explore opportunities together to strengthen and transform local commerce.” What’s unclear is how this partnership and investment in Nuro fits in with Waymo, the former Google self-driving project that spun out to become a standalone business under parent company Alphabet. Nuro is developing autonomous vehicle technology.