Funding The Boring Company Raised $3 Billion. Its Automation Thesis Is 'Zero People in the Tunnel.' A UAE-led Series D values the tunnelling company at $23 billion and is earmarked partly for Prufrock R&D. The construction-technology story is not the cheque — it is a machine the company says can be operated remotely from Texas, against a target of a mile a week at under $5M a mile. Hugo Pegley · Sep 16, 2026
Funding Motive Raised More Than $1.3 Billion and Withdrew Its IPO Filing the Same Day The money comes from General Catalyst's Customer Value Fund rather than a conventional equity round, and the S-1 Motive lodged in December 2025 was formally withdrawn on 10 September. Construction is one of the industries the company names, which makes the structure of this financing worth reading closely. Hugo Pegley · Sep 16, 2026
Funding Wint Raised $36M to Stop Water Damage. The Interesting Part Is Who Underwrites It. LIP Ventures and Inven Capital co-led a Series D for a company that watches water move through buildings and shuts the valve when it looks wrong. The construction argument does not rest on the sensor — it rests on an insurance product a Munich Re unit put its name behind in 2024. Hugo Pegley · Sep 16, 2026
Funding Perry Weather Raised $110M for the Least Glamorous Input in Construction AI Silversmith Capital Partners led a growth investment in the Dallas company, which says 24 of the top 25 general contractors on ENR's Top 400 use it. No valuation disclosed, no round letter in the release itself, and a product that is mostly a weather station bolted to a decision rule. Hugo Pegley · Sep 15, 2026
