Uber is ポルノ 映画 館 新宿apparently on a quest to raise all the money left in the world.
The ride-hailing giant confirmed Wednesday that it has raised $3.5 billion from Saudi Arabia’s Public Investment Fund, the single largest round of funding ever for a private U.S. company.
To put that in perspective: This one $3.5 billion funding round is more than Uber rivals Lyft and Gett have raised combined in their entire history.
The additional capital is part of Uber's previous round of funding, valuing the startup at $62.5 billion, according to the company.
Uber has now raised $11.5 billion in capital to date, according to data provided to Mashableby CB Insights, a venture capital database.
“We appreciate the vote of confidence in our business as we continue to expand our global presence," Travis Kalanick, Uber's CEO and cofounder, said in a statement.
For Saudi Arabia, the investment is part of a larger effort to diversify and cease being so reliant on oil, the price of which has cratered.
"We’ve seen first-hand how this company has improved urban mobility around the world and we’re looking forward to being part of that progress," Yasir Al Rumayyan, managing director of the investment fund, said in a statement. "As the Kingdom of Saudi Arabia's sovereign investment arm, we’re focused on achieving attractive long-term financial returns from our investments, while supporting Saudi Arabia’s Vision 2030, the blueprint for diversifying our economy away from oil."
Uber launched in Saudi Arabia in early 2014 and has previously committed $250 million to expand throughout the Middle East and Northern Africa. The startup has touted its impact on women in Saudi Arabia, who are still not legally allowed to drive.
The funding announcement comes just days after Uber announced a strategic partnership with and investment from Toyota, as more ride-hailing startups partner up with established car companies.
So why does Uber need to raise another $3.5 billion on top of all the money it already has? Well, it could be to fuel global expansion, or to steel itself for the growing number of regulatory battles, or to its aggressive fund price-cutting and marketing promotions.
On some level, though, the real answer is: Simply because Uber can.
For all the concerns in recent months about crazy valuations and a deflating tech bubble, confidence remains high in Uber's ability to own a big piece of this fast-growing market and eventually go public at an even larger market valuation.
Everyone wants a piece of Uber -- and Uber is more than happy to collect their money at the door.
Have something to add to this story? Share it in the comments.
Kimi Sugiyama Human Service Award Recipients Named
Aussie swimmer mercilessly trolled on social media after gold medal win
Everything you missed from the Rio Olympics Opening Ceremony
Tyga may go to jail because he bought Kylie a Mercedes instead of paying his debt
Creating Bridges of Friendship
Donald Faison just recreated an iconic 'Clueless' scene
15 things I wish I knew before I got in this UberPOOL
Paul George is much better at basketball than throwing away cups
Muratsuchi to Reintroduce Legislation to Halt New Federal Offshore Drilling
Mom takes daughter losing her vision on a 'sightseeing bucket list' adventure
Parker Center Demolition Proceeds as Dispute Lingers
Scary footage shows race car flipping off track, hitting camera stand
The long journey of America's first Olympian to compete in a hijab
Woman is purposely falling on Instagram just to mess with you
JAKWV Activities for 2018 Nisei Week
The diving pool at the Olympics has mysteriously turned green
Snapchat offers Frank Ocean filters in lieu of a new Frank Ocean album
Black Lives Matter day of action in the UK has everyone talking
Zinke Criticized for Greeting Hanabusa in Japanese
No one is prouder of Ryan Lochte than his 95
‘A Rebel’s Outcry,’ ‘Lil Tokyo Reporter’ at OCBCSBA Announces Loan Deferments for Maui BusinessesOkaeri Conference This Weekend at JANMCentenary UMC to Hold Arigato BazaarOBITUARY: Yukuo Takenaka, President/CEO of Takenaka Partners, JASSC Board MemberBiden, Kishida Meet During APEC SummitFriends of Chinese American Museum Condemns Rep. Gooden’s Remarks About Rep. Chu’s Loyalty to U.S.WhiteBIT Has Launched a Testnet of Its Own BlockchainPro League finals casters revealedNFT And Traditional Artists Descend On New York Actor Kal Penn raises thousands for Syrian refugees after vile social media comment 'Big Bang Theory' actor brings #MuslimBan protests to the red carpet WeRateDogs Twitter combats Muslim ban with 'unconditional love' Zendaya offers modeling job to woman bullied on Twitter Tiny baby hippo takes her first dip in the pool What one 'Supergirl' story arc taught me about coming out Bar serving butterbeer is making all our 'Harry Potter' fantasies come true In Trump's America, it's 'The Wall' vs. avocados Comedian creates commercials for Obamacare registration since Trump pulled the ads Video of former Pakistan president dancing to a Bollywood song sets tongues wagging
0.1414s , 9968.46875 kb
Copyright © 2025 Powered by 【ポルノ 映画 館 新宿】Enter to watch online.Uber raises unprecedented $3.5 billion funding round because it can,Global Perspective Monitoring
