Cruise Gets $1.15 Billion in Latest Fund Raise

Posted on 05/07/2019

San Francisco-based Cruise, is a self-driving care company, that raised another US$ 1.15 billion, giving the company a US$ 19 billion post-money valuation. Cruise is majority owned by General Motors Co. (GM). Key investors in this US$ 1.15 billion round include GM, T. Rowe Price Associates, SoftBank Group Corporation’s Vision Fund, and Honda Motors Company Limited.

Cruise has accelerated its hiring from a small startup of 40 people to more than 1,000 people working in San Francisco.

SoftBank’s Vision Fund invested US$ 2.25 billion in Cruise in May 2018.

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