Uber Raises $1.2BN Financing Round

uberUber, a San Francisco, CA-based provider of an app that connects riders to drivers, $1.2 billion financing round.

According to a post blog, additional capacity remains for strategic investments while the round reportedly valued Uber at $40 billion.

The company intends to use the funds to “make substantial investments, particularly in the Asia Pacific region“.

Led by CEO Travis Kalanick, Uber is currently present in over 250 cities in 50 countries and is continue hiring.



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