Business > Technology

Uber's self-driving unit secures $1-billion investment ahead of IPO

1 month ago   |   By Los Angeles Times

Ahead of an initial public offering expected next month, Uber Technologies Inc. secured a $1-billion investment in its self-driving unit from three Japanese companies. Denso Corp., Toyota Motor Corp. and SoftBank Group Corp.'s Vision Fund bought stakes in the unit, valuing the arm at $7.25 billion,...
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Uber's Self-Driving Cars Are Valued at $7.25 Billion by Investors

1 month ago   |   By NY Times

A billion-dollar investment is meant to prop up a money-losing unit before Uber makes its pitches ahead of a planned I.P.O.
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Uber has raised $1 billion for its self-driving unit, which is now valued at more than $7 billion

Uber has raised $1 billion for its self-driving unit, which is now valued at more than $7 billion

1 month ago   |   By Business Insider

Toyota, Softbank, and Denso corporation are investing $1 billion in Uber's self-driving car unit, the company said Thursday.
The round values Uber's Advanced Technologies Group at $7.25 billion, confirming earlier reports it was looking to raise more capital.
Self-driving technology is not only expensive to develop, but key to Uber's long-term prospects, it said in an IPO filing this month.
Uber has raised $1 billion in fresh capital for its Advanced Technologies Group , which is developing self-driving cars, the company said Thursday.
A third of the money is coming from Softbank's Venture...
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