With $1.2 Billion Raised, Uber's Valuation Skyrockets To $17 Billion
About a year ago, the ridesharing startup was valued at $3.5 billion.
As widely speculated, Uber confirmed Friday that it has raised $1.2 billion, skyrocketing its valuation to $17 billion. The new round makes Uber one of the most highly valued venture-backed startups, and it expects an additional $200 million in financing from strategic investors. About a year ago, the ridesharing startup was valued at $3.5 billion.
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