Microsoft and GM lead $2bn investment round in self-driving car start-up Cruise
Partnership with Microsoft gives Cruise, which is majority owned by GM, a major software player in its corner
19 January 2021 - 19:41
General Motors and Microsoft are leading a $2bn investment round in self-driving car start-up Cruise in a deal that will bring the software giant’s cloud and edge-computing capabilities to the venture.
The new funds will raise Cruise’s post-investment valuation to an estimated $30bn, up from $19bn when T Rowe Price Associates invested in the company in 2019, Cruise said. Cruise partner Honda Motor and other institutional investors are also participating in the new round...
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