Walmart was among the investors to add $750m to a round valuing the autonomous driving technology provider around the $30bn mark.
US-based autonomous driving software developer Cruise added $750m from big-box retailer Walmart and unnamed institutional investors to its latest round yesterday, boosting it to $2.75bn.
The capital was raised at a valuation of about $30bn and follows a $2bn first close in January this year featuring software provider Microsoft and carmakers Honda and General Motors (GM) as well as unnamed additional investors.
Cruise is developing autonomous driving software in addition to robotics and hardware such as cameras and sensors.
…
