His service continues to grow and he faces legal challenges from the taxi companies. But Uber, the company whose application combines drivers and passengers, was a resounding success in a roundtable, generating investments of $ 1.2 billion and propelling its valuation skyward.
Four years after starting operations, San Francisco-based Uber is now valued at $ 17 billion, according to figures from company CEO Travis Kalanick, released today.
Uber creates 20,000 jobs per month, Kalanick said, and operates in 128 cities in 37 countries.
As for the money raised, the figures are “breathtaking”, says Venture out.
Bloomberg News puts it in perspective:
âUber’s new assessment is a record for tech startups in a direct investment cycle,â said Anand Sanwal, CEO of research firm CB Insights. At $ 17 billion, Uber is worth more than public companies, including car rental service Hertz Global Holdings Inc. and retailer Best Buy Co. startups such as cloud-sharing company Dropbox Inc. and the Short-term rental service Airbnb Inc. recently raised funds for a valuation of $ 10 billion. “
As we’ve previously reported, Uber and similar companies like Lyft have been challenged in cities like Seattle, where critics say they’re both less regulated and less taxed than their competitors in traditional taxi businesses. and limousines.
As recently as yesterday, the Virginia Department of Motor Vehicles issued a cease and desist order to Uber and Lyft. The companies said they were surprised by the move – and they added they would continue to operate in the state.