Elon Musk's Boring Company announced a $3 billion Series D funding round on Wednesday.
It brings the company's valuation to $23 billion.
The round was led by the United Arab Emirates, where The Boring Company says it plans to dig at least 150 kilometers of tunnels.
The Boring Company has raked in an additional $3 billion through a Series D funding round, the company announced on Wednesday.
The fund was led by the United Arab Emirates, with participation from Valor Equity Partners, Sequoia Capital, and A16Z. Elon Musk's tunneling venture also said Wednesday that it plans to dig at least 150 kilometers of "underground infrastructure" in the UAE, on top of an existing transit project in Dubai.
