Cruise's new round hits $2.75B with Walmart backing
April 16, 2021
San Francisco-based autonomous car developer Cruise has upsized its recent round of funding to $2.75 billion, with Walmart and others joining the financing. The company's valuation now sits above $30 billion. Cruise has been owned by General Motors since 2016, and has also been backed by Honda, Microsoft, SoftBank and others.