Uber Technologies is a peer-to-peer ridesharing, taxi cab, food delivery, and transportation network company.

Uber is evolving the way the world moves. By seamlessly connecting riders to drivers through our apps, they make cities more accessible, opening up more possibilities for riders and more business for drivers.

Uber was founded in 2009 by Travis Kalanick & Garrett Camp. The company is headquartered in San Francisco, California, United States. The company has operations in 785 metropolitan areas worldwide.

Uber platforms can be accessed via its websites and mobile apps. Uber has been prominent in the sharing economy, so much so that the changes in industries as a result of it have been referred to as Uberisation. It has also been the subject of protests and legal actions and the subject of a criminal investigation for its use of Greyball. The name "Uber" is a reference to the common (and somewhat colloquial) word "uber", meaning "topmost" or "super", and having its origins in the German word über, meaning "above".

Uber has been prominent in the sharing economy, so much so that the changes in industries as a result of it have been referred to as Uberisation and many startups have labeled their products as "Uber for X".

Uber developed an internal software tool called Greyball, which uses data collected from the Uber mobile app other means, to avoid giving rides to certain individuals. The tool was used starting in 2014. By showing "ghost cars" driven by fake drivers to the targeted individuals in the Uber mobile app, and by giving real drivers a means to cancel rides requested by those individuals, Uber was able to avoid giving rides to known law enforcement officers in areas where its service is illegal.

Uber is backed by over 90 investors including General Atlantic, Tencent Holdings, TPG, SoftBank Vision Fund, and Altimeter Capital among others. The company has made six acquisitions including a $680M acquisition of Otto on Aug 18, 2016, and a 200M acquisition of JUMP Bikes on Apr 4, 2018. Uber has also made 7 investments totalling over $360M to date.

 

Uber has an estimated valuation of a gigantic $120B as Oct 16, 2018.

 

 

  • Year founded: 2009
  • Funding Info: $24.2B in 22 funding Rounds (Last funding type: Debt Financing)- Uber has also acquired 6 companies as well as made 7 investment totalling over $360M, to date.
  • Yearly Revenue: $10B-$12B (2018)
  • Employee Size: 10000+
  • Business Valuation: Uber is Eying for a Valuation of $120B as of Oct 16, 2018
  • City/Town: San Francisco
  • State: California
  • Country: United States
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