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November 26, 2015 7:27 AM ET


Company Overview of Uber Technologies, Inc.

Company Overview

Uber Technologies, Inc. provides a smartphone application that connects drivers with people who need a ride. The company’s application enables users to arrange and schedule transportation and/or logistics services with third party providers. Uber Technologies serves customers in North, Central, and South Americas, as well as Europe, the Middle East, Africa, and the Asia Pacific. The company has a strategic partnership with Alexandria Real Estate Equities, Inc. Uber Technologies, Inc. was formerly known as UberCab Inc. and changed its name to Uber Technologies, Inc. in October 2010. The company was founded in 2009 and is based in San Francisco, California.

182 Howard Street

Suite 8

San Francisco, CA 94105

United States

Founded in 2009





Key Executives for Uber Technologies, Inc.

Co-Founder, Chief Executive Officer and Director
Co-Founder and Chairman
Head of Global Operations and Director
Chief Technology Officer
General Counsel
Compensation as of Fiscal Year 2015.

Uber Technologies, Inc. Key Developments

Uber And Lyft Reportedly To Raise Funds By 2015 End

Uber Technologies, Inc. and Lyft Inc. intend to raise a combined $1.5 billion by the end of 2015 year, according to a report in the global media. The report stated that Lyft intends to double its valuation from just six months ago, targeting $4 billion before they add the new money, the report said. Uber seeks to raise $1 billion and Lyft plans to raise $500 million, the report said.

Uber Seeks Funding

Uber Technologies, Inc. is said to be seeking to raise its funding up to $2.5 billion for its China operations. This makes the scale of funding to twice the size of total capital raised in China so far. Uber needs the cash to fund the vicious battle it is currently locked in with its Chinese rival Didi-Kuaidi.

Uber Technologies Reportedly Plans To Raise Funds

Uber Technologies, Inc. is planning to raise close to $1 billion in new venture capital from investors, according to people close to the matter. More precise targets on the size and the valuations will be determined after the company begins talks with investors in coming weeks. Executive management at Uber has approved another round, and the company plans to start holding official conversations in the next few weeks, as reported by the people.

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