The Boring Company is an infrastructure and tunnel construction company that facilitates underground transportation networks.
TBC creates safe, fast-to-dig, and low-cost transportation, utility, and freight tunnels.
The Boring Company was founded Los Angeles in 2016 by Elon Musk. The company is currently headquartered in Pflugerville, Texas.
TBC’s first major Loop project, Vegas Loop, is located in Las Vegas Nevada. On October 20, 2021, the Clark County Commissioners unanimously approved Vegas Loop, a 29-mile tunnel network connecting 51 stations.
Vegas Loop will enable safe, low cost, and high speed transportation throughout Las Vegas, targeting throughput of up to 57,000 passengers per hour. For end users, this means a trip from Harry Reid International Airport to any major destination on the Las Vegas strip in 5 minutes or less with zero stops.
TBC’s Prufrock is a next generation Tunnel Boring Machine designed to construct mega-infrastructure projects in a matter of weeks instead of years, and at a fraction of the cost. The current iteration of Prufrock, called Prufrock-2, is designed to mine at up to 1 mile/week.
TBC is backed by Vy Capital, Sequoia Capital, Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, DFJ Growth, and others. The company raised $675M in Series C round on Apr 21, 2022. This brings TBC's total funding to $908M to date. The latest round valued the company at a $5.7B post-money. TBC was last valued at $920M from a financing raised in 2019.