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Electric autonomous vehicle startup Cruise raises $2B at a $30B valuation from Microsoft, GM, Honda, and others

Kirsten Korosec / TechCrunch :

TechCrunch Kirsten Korosec

Discussion

  • @kvogt Kyle Vogt on x
    1/ Today @Cruise announced over $2 billion of new funding from Microsoft, GM, Honda, and some great institutional investors. The vanity metric: $30 billion post-money valuation The real metric: 0 million customers Wait... what?
  • @cruise @cruise on x
    Big news for us! Cruise is teaming up with @Microsoft, one of the world's most respected leaders in AI and cloud computing, as we make the shift from R&D to commercializing self-driving vehicles: https://www.getcruise.com/...
  • @msftnews @msftnews on x
    .@Cruise and @GM have entered a long-term strategic relationship with @Microsoft to accelerate the commercialization of self-driving vehicles for a safer, cleaner, and more accessible world for everyone https://news.microsoft.com/...
  • @kirstenkorosec Kirsten Korosec on x
    There's also a cloud vendor announcement in here, which normally is a bit of meh news. But this is interesting because AVs are so new and really not commercialized yet. Microsoft clearly is targeting this area and wants to be a dominate player. https://twitter.com/...
  • @alex @alex on x
    holy crap cruise raised $2B at a $30B val https://www.getcruise.com/...