Uber Reportedly in Talks to Raise Funding at $10 Billion Valuation

Uber may be on the road to an 11-digit valuation.

The ride-hailing startup is in talks to raise a new round of funding at a $10 billion valuation, according to a Bloomberg report Thursday. The amount the startup is looking to raise is said to be less than $1 billion.

Reps for the company did not immediately respond to our request for comment.

If the report is accurate, it would represents a sharp increase in the company's valuation in just more than six months. Uber raised $258 million round of funding last summer, which reportedly valued the company at $3.5 billion Read more...