Established by Elon Musk in 2016, The Boring Company aims to solve traffic congestion through a network of underground tunnels for transportation. Headquartered in Hawthorne, California, the company had over 300 employees as of my last training cut-off in September 2021. Its innovative approach involves reducing tunnel diameter to decrease costs and improve the speed of tunneling, with the goal of enabling high-speed transit across cities. The Boring Company has raised a total of $913M in funding over 4 rounds. Their latest funding was raised on Feb 1, 2023 from a Undisclosed round.