Vy Capital and Sequoia Capital led a $675m Series C round in The Boring Company.

Vy Capital and Sequoia Capital led a $675m Series C round in The Boring Company, an American infrastructure and tunnel construction services company founded by Elon Musk, with participation from Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, and DFJ Growth. The funds from the round will be used to significantly increase hiring across engineering, operations, and production to build and scale Loop projects, including Vegas Loop and others, in addition to accelerating the research and development of Prufrock and future products.