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Gm's Cruise Raises Another $1.15B From Group Headed By Softbank And Honda

by zdnet.com posted 2weeks ago 16 views
Latest round brings the total raised by Cruise over the last year to $7.25 billion. : GM's driverless car company Cruise has raised another $1.15 billion from a group comprised of SoftBank, Honda, General Motors (GM), and T. Rowe Price Associates, raising its post-money valuation to $19 billion. "Developing and deploying self-driving vehicles at massive scale is the engineering challenge of our generation," Cruise CEO Dan Ammann said. "Having deep resources to draw on as we pursue our mission is a critical competitive advantage."

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