The Boring Company (TBC), founded by Elon Musk to revolutionize traffic by taking it underground through a network of tunnels, has raised a $675 million Series C round at a valuation of $5.675 billion. The massive round was led by Vy Capital and Sequoia Capital, with participation from Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, and DFJ Growth. Also chipping in were real estate stalwarts including Brookfield, Lennar, Tishman Speyer, and Dacra.