Cruise
2013 - 2024, 12 years old
GM's driverless robotaxi service, grounded after a pedestrian was dragged and then scrapped once the parent company stopped funding it.
Cruise was founded in 2013 by Kyle Vogt and Daniel Kan, sold to General Motors in 2016, and spent the next eight years as the centerpiece of GM's self-driving ambitions. At its peak it ran paid driverless robotaxis in San Francisco, Phoenix, and Austin and carried a 30 billion dollar valuation backed by SoftBank, Honda, Microsoft, and Walmart. In October 2023 one of its cars struck and dragged a pedestrian who had been thrown into its path by another vehicle, California pulled its permits, and the service never recovered. On December 10, 2024, GM said it would stop funding robotaxi development and fold the team into its personal-vehicle driver-assistance work, ending the ride-hailing product after the company had spent more than 10 billion dollars on it. Outside investors had put in billions more.
- Founded
- 2013-01
- Shut down
- 2024-12-10
- Funding raised
- $10.0B
- Years alive
- 12
- Founders
- Kyle Vogt, Daniel Kan
Sources
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