GM’s Cruise Raises $1.15B in Funding Round

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Cruise, General Motors’ autonomous car division, announced it received a $1.15B investment in its latest funding round. This investment raised Cruise’s valuation to $19 billion. The investment was received from existing investors of the company....
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Uber’s Self-Driving Unit Lands $1 Billion Investment

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As Uber’s public stock offering (IPO) approaches, the company’s autonomous vehicle unit received a $1 billion investment. The investment came from Japanese conglomerate SoftBank’s Vision Fund, car maker Toyota, and automotive component supplier Denso. SoftBank...
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