This would be a big bump up from Uber’s most recent valuation of $3.5 billion at the time of its roughly $350 million funding round last year.
Uber did not immediately respond to VentureBeat’s request for comment.
The black-car service faces a growing pile of lawsuits from cab and insurance companies and the family who lost a 6-year-old girl in a recent accident in San Francisco, the city where Uber has its headquarters. Uber is also attracting attention from regulators of cabs.
A heaping bag of fresh cash would help Uber handle all such cases and at the same time roll vehicles into more cities and come out with new services that could appeal to more consumers.
The company has been making plenty of moves recently. Uber continues to expand into more cities, along with rolling out several new services. People can order up rides in sport-utility vehicles. Last month, Uber kickstarted an on-demand courier service. And Uber now permits you to install a child car seat for an additional fee — a good fit for families with kids.
Uber has become so widely available that Google Maps now shows people how long an Uber trip would take in comparison with other modes of transportation.
Uber Technologies Inc is known as Everyone's Private Driver. Uber operates an on-demand car service used all over the world. With the touch of a button from your phone, you can experience yo... All Uber news »