https://www.getcruise.com | United States | 2013 | $11918.8M
Cruise Automation is a US-based company that develops automated driving technology. In 2016, General Motors acquired a majority stake in Cruise, valuing the company between $19 billion to $30 billion. Cruise has developed a highway autopilot system for existing vehicles, using sensors and machine vision technology. The company has been testing its autonomous driving technology in cities like San Francisco, Phoenix, and Austin, and has expanded its driverless fleet. However, Cruise has faced setbacks, including the suspension of its self-driving license in California, halting production of its Cruise Origin robotaxi, and the resignation of its co-founders after a fatal accident. The company’s internal share price has been cut by more than 50% due to the fallout from the incident.
