Tech Company Financing Transactions
Cruise Funding Round
Cruise, based in San Francisco, secured $1.2 billion in funding from General Motors Corporation, Honda Strategic Venturing and SoftBank Vision Fund.
Transaction Overview
Company Name
Announced On
5/8/2019
Transaction Type
Venture Equity
Amount
$1,150,000,000
Round
Undisclosed
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Acquired or Merged
Industry
Transportation
Mailing Address
548 Market St. 40873
San Francisco, CA 94104
USA
San Francisco, CA 94104
USA
Phone
Website
Email Address
Overview
Cruise has built the first highway autopilot system that installs on your existing vehicle. It uses sensors and advanced machine vision technology to keep you in your lane and a safe distance from the car in front of you.
Management Team
Title
Name
Email & Social
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Where The Data Comes From
Our team works diligently to report on all VC transactions involving tech companies. VC investment data records reported here come from company press releases and news coverage. The information is sourced from VentureDeal.com, an affiliated venture.
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