Cruise was founded in 2013 by Daniel Kan and Kyle Vogt. In March 2022, General Motors acquired a majority stake in the company, buying out SoftBank Vision Fund's ownership interest. The company operates as a subsidiary of GM, and while a public offering is no longer in the future, Cruise says that it is exploring new options in private equity that would have "potential upside for employees but without all the distractions of being a public company." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Cruise is an automated taxi service. In June 2022, the company secured a commercial permit from the City of San Francisco, allowing its fleet of self-driving cars to be operate as a rideshare service. The company states that this makes Cruise the first "commercial, driverless ridehail service in a major US city." Cruise has made 4 acquisitions and has raised more than $15 billion in venture capital funding from investors including Honda, Microsoft, GM, T. Rowe Price, and SoftBank Vision Fund. Cruise was most recently valued at $21 billion.

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What is Cruise's ticker symbol?

Cruise does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.

What is Cruise's stock price?

The stock price for Cruise will be known as it becomes public. Here are similar public companies: Tesla (NAS: TSLA), Rivian (NAS: RIVN), Ford (NYS: F), Uber (NYS: UBER), Lyft (NAS: LYFT).

Who are Cruise's major investors?

Sapphire Ventures
Microsoft
M12
Walmart
Honda Motor Company
Quiet Capital
frogVentures
CapitalX

Learn more about Cruise

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What is Cruise funding to date?

Cruise has raised $8B to date.
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When was Cruise founded?

Cruise was founded in 2013.
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Can you invest in Cruise?

Cruise is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Can you sell Cruise share pre-IPO?

If you own Cruise pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.

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Is Cruise a publicly traded company?

Cruise is a private company and not publicly traded.

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

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Updated on: Nov 2, 2022