Microsoft invests in GM’s robocar company Cruise

January 20, 2021 //By Christoph Hammerschmidt
Microsoft invests in GM’s robocar company Cruise
Robotaxi startup Cruise and General Motors have entered a strategic relationship with Microsoft to accelerate the commercialization of self-driving vehicles. The companies will bring together their expertise and experience in software and hardware engineering, cloud computing capabilities and manufacturing as well as their partner ecosystems to commercialise such cars.

To exploit the potential of cloud computing for self-driving vehicles, Cruise is to use Azure, Microsoft's cloud and edge computing platform. This is how autonomous vehicle solutions are to be commercialised on a large scale, the companies said. Microsoft, as Cruise's preferred cloud provider, will in turn leverage Cruise's deep industry expertise to enhance its products and serve transportation companies through continued investment in Azure.

Microsoft will join General Motors, Honda and institutional investors in a combined new equity investment of more than $2 billion in Cruise, bringing the post-money valuation of Cruise to $30 billion.

"Advances in digital technology are redefining every aspect of our work and life, including how we move people and goods,” said Satya Nadella, CEO, Microsoft. “As Cruise and GM's preferred cloud, we will apply the power of Azure to help them scale and make autonomous transportation mainstream.”

In addition, GM will work with Microsoft as its preferred public cloud provider to accelerate its digitization initiatives, including collaboration, storage, artificial intelligence and machine learning capabilities. GM will explore opportunities with Microsoft to streamline operations across digital supply chains, foster productivity and bring new mobility services to customers faster.

More information: getcruise.com.

 

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