# Cruise

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cruise

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: San Francisco, US
- Website: www.getcruise.com
- Total disclosed funding: $21M
- Latest round: Series A (Jun 15, 2015)
- Investors on record: 17

## About

Based in California, US, Cruise LLC, trading under the name Cruise Automation, was founded in 2013 by co-founders Kyle Vogt and Daniel Kan. The company tests and develops autonomous car technology. In March 2016, General Motors acquired Cruise for an undisclosed amount and had about 40 employees when it was acquired, and by September 2016, the company had over 100 employees. In April 2017, General Motors expanded its cruise operations in California. Dan Ammann, a former president of General Motors, was appointed as the company's new CEO in November 2018. In 2018, GM and Softbank have invested an extra USD 3.35 billion in Cruise and have scaled up to more than 1000 employees. In March 2021, the company acquired Voyage, a self-driving startup that was spun off of Udacity.

The company develops all-electric self-driving cars which include the 'Cruise first-generation AV'. The vehicles are developed at a specialized production factory with technology and software. Product features include precision steering, lane tracking, speed control, and collisions. The company's product line also includes the 'Cruise origin' which is ready to roll off the assembly line.

## Funding rounds

- Series A, Jun 15, 2015, $17M — Spark Capital, Felicis Ventures, Y Combinator, Initialized Capital, Maven, Soma Capital Management, Flight Ventures, Mrtnz Ventures, Hone Capital
- Seed, Mar 14, 2014, $4.3M — Felicis Ventures, SV Angel, Founder Collective, Y Combinator, Tuesday Capital, Quotidian Ventures, Initialized Capital, Signia Ventures, Homebrew, AME Cloud Ventures, Maven, Zillionize Angel

## Investors

- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Seed, Series A
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Founder Collective (https://capitalatlas.ai/funds/founder-collective) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Seed
- Quotidian Ventures (https://capitalatlas.ai/funds/quotidian-ventures) — Seed
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Seed, Series A
- Signia Ventures (https://capitalatlas.ai/funds/signia-ventures) — Seed
- Homebrew (https://capitalatlas.ai/funds/homebrew) — Seed
- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Seed
- Maven (https://capitalatlas.ai/funds/maven) — Seed, Series A
- Zillionize Angel (https://capitalatlas.ai/funds/zillionize-angel) — Seed
- Spark Capital — Series A
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Series A
- Flight Ventures (https://capitalatlas.ai/funds/flight-ventures) — Series A
- Mrtnz Ventures — Series A
- Hone Capital — Series A