Autonomous vehicle company Cruise raises a $2 billion new round, Netflix keeps growing and WhatsApp faces more privacy concerns. This is your Daily Crunch for January 19, 2021.
The big story: Microsoft backs Cruise
Cruise announced today that it has raised $2 billion in new funding at a $30 billion valuation, with Microsoft joining as a new investor. (Previous backers GM and Honda also participated.)
This includes a long-term strategic partnership between the two companies, with Cruise using Microsoft’s Azure cloud platform for its yet-to-launch autonomous vehicle ride-hailing service. Microsoft is also becoming the preferred cloud provider for GM as part of the deal.
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