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The new round is $1.15 billion, and it comes from a group of institutional investors, GM, Japan's SoftBank Vision Fund, and Honda.
Elon Musk wants to pitch Tesla autonomous tech to investors who've thus far created multibillion-dollar valuations for self-driving businesses.
Morgan Stanley warns General Motors investors to lower their expectations for Cruise autonomous cars
If GM's Cruise can't take safety drivers out of its robo-taxis, the department might never turn revenue.
The first few decades of technology innovation have been characterized by rapid growth and quick profits.
Cruise's valuation has increased from roughly $1 billion in 2016 to $14.6 billion in 2019, following investments from SoftBank and Honda.
GM’s CEO Mary Barra just shared some interesting insight into how the company’s self-driving division is run
Wall Street has been concerned about GM's Cruise division struggling to launch commercially in 2019. CEO Mary Barra tried to ease those worries.
GM President Dan Ammann is taking over as CEO of the Cruise self-driving division as the company pushes toward a commercial launch in 2019
GM President Dan Ammann will take over as CEO of Cruise, the carmaker's self-driving division that's now valued at $14.6 billion.
Waymo, Cruise, Mobileye, and Tesla are all tackling self-driving cars in different ways — here’s the breakdown
Waymo, Cruise, Intel/Mobileye, and Tesla are the major contestants in the self-driving car race. Each has developed a different business model. Waymo and GM are using laser-radar technology, while Mobileye and Tesla are relying on cameras and sensors.
Tesla has remained committed to a vision of is Autopilot system as a fully self-driving technology. But nothing about Autopilot suggests that it will be able to move into the new business of autonomous mobility, which is being pioneered by GM's Cruise division and by Alphabet's Waymo.
GM’s self-driving car unit could be worth $43 billion — nearly 4 times the valuation it received 6 weeks ago, RBC says
Cruise has been growing at a quick pace ever since GM acquired the San Francisco startup and its 50 employees for $581 million. GM hopes to increase Cruise's headcount to 1,648 in California by 2021 thanks to a tax credit package worth $8 million approved by state officials last year.