Microsoft has entered into a long-term strategic relationship with General Motors and Cruise, the automaker’s majority-owned autonomous car unit, to accelerate the commercialization of self-driving vehicles.
As part of the partnership, the tech giant will join GM, Honda Motor and other 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. The company did not breakdown the new funding by company.
In its announcement Tuesday, the companies said Microsoft will become the preferred cloud provider for GM and Cruise. The companies said they will work collaboratively on software and hardware engineering, cloud computing capabilities, manufacturing and partner ecosystem.
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