Cruise – The Driverless Revolution Raises $12.5M


Zillionize invested in Cruise, the driverless revolution as a seed round investor at an early stage and now we are proud to announce that Cruise, started by Socialcam founder Kyle Vogt, has raised $12.5M funding in Series A round led by Spark Capital and Y Combinator’s Sam Altman.

The product to date has been a system that converts existing cars into self-driving cars down highways. It has three components. There are sensor units that go on top of the car near the windshield and then there are actuators that control the steering and driving. There’s also a computer that goes in the trunk and takes up about one cubic foot of space. The plan had been to sell Cruise systems for $10,000 each.

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