Cruise
Cruise, founded in 2013 and based in San Francisco, is a prominent player in the automotive sub-industry of industrials, focusing on autonomous vehicles. The company has significantly expanded its operations and impact, receiving $10B in funding and increasing its valuation by 30 times.
Overview of Cruise
Cruise, headquartered in San Francisco, CA, operates in the automotive sub-industry under the broader industrials category. Founded in 2013, the company has expanded its team to 3000 members. Cruise has received $10 billion in funding from notable companies and investors, including GM, Honda, Microsoft, T. Rowe Price, and Walmart. Since its inception, the company's valuation has increased thirtyfold.
Funding and Investor Information
Cruise has secured $10 billion in funding from a range of high-profile investors and companies such as GM, Honda, Microsoft, T. Rowe Price, and Walmart. This infusion of capital has significantly bolstered the company's ability to innovate and expand, contributing to an increase in valuation by thirty times since it was founded.
Community Initiatives and Partnerships
Cruise dedicates at least 1% of its self-driving fleet to community needs in every city it operates. The 'Cruise for Good' program partners with nonprofits like National Federation of the Blind, Mothers Against Drunk Driving, SF-Marin Food Bank, SF LightHouse for the Blind and Visually Impaired, San Francisco Giants, and Humanmade. The company also delivered over 2 million meals using a zero-emission fleet during the COVID-19 pandemic.
Autonomous Vehicle Safety Research
Cruise has conducted a safety research study in collaboration with the University of Michigan Transportation Research Institute (UMTRI), Virginia Tech Transportation Institute (VTTI), and GM. The study measures the safety performance of autonomous vehicles compared to human ridehail drivers, underscoring Cruise's commitment to advancing safe self-driving technology.
Educational and Employment Initiatives
Cruise partners with Humanmade to empower local students and workers to build careers in modern manufacturing. This partnership aims to provide career opportunities and education to bolster skills in manufacturing and technology fields. Furthermore, Cruise strives to make its cars accessible independently by blind people, showcasing its commitment to inclusivity.