Uber is now valued at $50 billion, receives funding from Microsoft

Microsoft assists Uber in reaching its huge $50 billion valuation.

@anthony256
Published Sun, Aug 2 2015 9:22 AM CDT   |   Updated Tue, Nov 3 2020 12:05 PM CST

Uber has just raised another $1 billion, which has the ride sharing giant being worth $50 billion, reaching the milestone two years quicker than Facebook did.

Uber is now valued at $50 billion, receives funding from Microsoft | TweakTown.com

The company has attracted all sorts of different investors in its latest funding round, with one of them being Microsoft. According to sources of Bloomberg, Microsoft reportedly backed Uber by around $100 million. There's no information on what Microsoft's interest is in Uber, but abck in June, Uber secured itself a slice of Bing's mapping technology, as well as around 100 employees from Microsoft.

Microsoft isn't the first company to invest into Uber, with Chinese internet giant Baidu throwing some money into the ring, with an investment that is said to be around $600 million. Amazon founder Jeff Bezos has also invested into the company, all the way back in 2011, as well as Google Ventures pledging $258 million in 2013.

NEWS SOURCE:engadget.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles