FILE PHOTO: A woman smiles in the back seat of a self-driving Chevy Bolt EV car during a media event by Cruise, GM’s autonomous car unit, in San Francisco, California, U.S., Nov. 28, 2017. REUTERS/Elijah Nouvelage/File Photo
San Francisco (Reuters) - Self-drive automaker Cruise, backed by General Motors Co, on Thursday said it raised $2.75 billion in its latest funding round with additional investment from Walmart Inc and others, taking the startup's valuation over $30 billion.
The announcement comes a week after peer TuSimple revealed plans for an initial public offering (IPO), at a time when self-drive technology is yet to be commercialised.
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