Cruise announced an equity investment of $1.15B from a group comprising institutional investors, including funds and accounts advised by T. Rowe Price Associates and existing partners General Motors, SoftBank Vision Fund and Honda.

This investment increases Cruise’s post-money valuation to $19.0B, inclusive of SoftBank Vision Fund’s previously announced investment commitment.

In the last year, Cruise has secured capital commitments totaling $7.25B.