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Walmart Invests in Cruise, the GM-Backed Autonomous-Car Startup

  • Deal brings Cruise’s latest funding round to $2.75 billion
  • Walmart joins fellow Cruise investors Microsoft and Honda
Walmart has made an investment in Cruise, the San Francisco based company enabling a self-driving future.
Walmart has made an investment in Cruise, the San Francisco based company enabling a self-driving future.Source: Walmart Inc.

Walmart Inc. is getting into the self-driving car business.

The world’s largest retailer is taking an undisclosed stake in Cruise LLC, the autonomous-vehicle technology company that’s majority-owned by General Motors Co. The Walmart investment brings the size of Cruise’s latest funding round to $2.75 billion, the two companies said in a statement Thursday, up from the $2 billion Cruise announced in January when Microsoft Corp. became an investor.