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getcruise.com

Founded Year

2013

Stage

Corporate Minority - VII | Alive

Total Raised

$11.919B

Valuation

$0000 

Mosaic Score

+100 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Cruise Automation

Cruise Automation makes automated driving technology. Cruise has built a highway autopilot system that installs on existing vehicles. It uses sensors and machine vision technology to keep users in their lane and a safe distance from the car in front of them. The company was founded in 2013 and is based in San Francisco, California.On March 20th, 2022, General Motors acquired a majority stake in Cruise Automation at a valuation between $19B to $30B.

Cruise Automation Headquarters Location

333 Brannan St

San Francisco, California, 94107,

United States

313-665-4699

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Expert Collections containing Cruise Automation

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Cruise Automation is included in 4 Expert Collections, including Digital Health.

D

Digital Health

8,838 items

Startups recreating how healthcare is delivered

A

Auto & Mobility Tech

1,462 items

Startups building a next-generation mobility ecosystem, using technology to improve connectivity, safety, convenience, and efficiency in vehicles.Includes technologies such as ADAS and autonomous driving, connected vehicles, fleet telematics, V2V/V2X, and vehicle cybersecurity.

S

Smart Cities

1,937 items

A

Artificial Intelligence

9,391 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

Latest Cruise Automation News

GM Should BrightDrop-Kick Cruise

Sep 19, 2022

Views: 1 The GM Authority newsletter informed us last week that General Motors’ BrightDrop commercial vehicle group was planning to adopt autonomous vehicle technology created by GM-owned Cruise Automation for its delivery vans. Days later, Cruise CEO Kyle Vogt announced plans to bring its nascent autonomous taxi service to Phoenix and Austin before year’s end. Transitioning GM’s autonomous vehicle development activities toward the commercial vehicle and delivery sector makes a lot of sense. It is the one sector that offers the prospect of rapid scaling to target applications that are dependent upon predictable routes. Were GM to perform a complete pivot of its Cruise development activities toward commercial vehicles it might be seen as the most brilliant move that the company has made yet in AV. Instead, we are left with a teasing suggestion from BrightDrop’s CEO with no formal endorsement from senior GM management. In fact, the subsequent announcement from Cruise can be seen as a riposte, a brushback, to suggest that GM execs and their “ideas” are not welcome at Cruise’s San Francisco headquarters. Cruise is doubling down on its pointless money-burning pursuit of unscalable autonomous technology intended to solve a non-existent problem. The main different between commercial vehicle sector AV applications and the robotaxi path to market is that commercial vehicle operators face real challenges in terms of personnel shortages, safety, and logistics. There is money to be made and saved and useful operational gains to be had from automating delivery vehicles. Robotaxis are nothing more than an expensive replacement for existing human-operated taxis and ride hailing operators. Robotaxis are not solving a problem and they have a too-narrow operational design domain – i.e. they cannot drive passengers from the city to the airport or suburbs. This is no time for Cruise to spread its twilight driver novelty act (Cruise is currently operating within restricted neighborhoods and timeframes in San Francisco) to multiple other U.S. cities. There is no organic demand for robotaxis – certainly not as currently conceived. This is no time for GM to play footsie with a wouldn’t-that-be-nice approach to automating commercial vehicles. With Cruise torching hundreds of millions of dollars each quarter in pursuit of a fantasy, it’s time for a massive rethink and refocus. GM should shift its massive resources, personnel, technical capabilities, and financial backing toward a campaign to automate commercial vehicles piggy-backed on BrightDrop. BrightDrop is sailing into the market on a sound footing of almost limitless demand ideally tuned to finance AV development and expand valuable data gathering. How about it GM? Hit that clutch and pull Cruise out of the ditch. Also Read:

Cruise Automation Web Traffic

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  • When was Cruise Automation founded?

    Cruise Automation was founded in 2013.

  • Where is Cruise Automation's headquarters?

    Cruise Automation's headquarters is located at 333 Brannan St, San Francisco.

  • What is Cruise Automation's latest funding round?

    Cruise Automation's latest funding round is Corporate Minority - VII.

  • How much did Cruise Automation raise?

    Cruise Automation raised a total of $11.919B.

  • Who are the investors of Cruise Automation?

    Investors of Cruise Automation include Microsoft, General Motors, SoftBank Group, GM Financial, Walmart and 21 more.

  • Who are Cruise Automation's competitors?

    Competitors of Cruise Automation include Sensible4, Enjoy Move, Tier IV, WeRide, Apex.AI, Five AI, iMotion.ai, ZongMu Technology, Mobileye, HoloMatic and 35 more.

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