Nuro secures $6 billion valuation in latest funding round


FILE PHOTO: A Toyota Prius with Nuro's self driving technology is parked outside a 7-Eleven in Mountain View, California, U.S. in this undated handout photograph. Nuro/Handout via REUTERS/File Photo

(Reuters) -Autonomous driving technology startup Nuro said on Wednesday it fetched a valuation of $6 billion after raising $106 million in its latest funding round, as investors bet on what is often touted as the future of mobility.

The funding — backed by T Rowe Price Associates, Fidelity Management and Research, Tiger Global, Greylock Partners and XN — comes more than three years after Nuro's last round that valued it at $8.6 billion at the height of venture-capital frenzy.

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