T. Rowe Price Associates and existing partners General Motors, SoftBank Vision Fund and Honda completed the acquisition of Cruise in $1.15bn investment round. "Developing and deploying self-driving vehicles at massive scale is the engineering challenge of our generation. Having deep resources to draw on as we pursue our mission is a critical competitive advantage," Dan Ammann, Cruise CEO. This investment increases Cruise's post-money valuation to $19bn, inclusive of SoftBank Vision Fund's previously announced investment commitment. In the last year, Cruise has secured capital commitments totaling $7.25bn.