Hear from CIOs, CTOs, and other C-level and senior execs on data and AI strategies at the Future of Work Summit this January 12, 2022. Learn more


Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.

Uber reportedly raises $1B at a $51B valuation from investors including Microsoft

Uber has raised a new $1 billion funding round, which pushes the company’s valuation to $51 billion.

The new investment money comes from Microsoft and Indian media conglomerate Bennett Coleman & Co., according to a new report from the Wall Street Journal, citing unnamed sources familiar with the matter.

Uber will reportedly use the money to expand its ride-hailing service into more foreign cities.

The report points out that Uber had briefed investors on a plan to raise between $1.5 billion and $2 billion in May. Uber confirms that it filed regulatory papers to do so.

Read more

Integral Ad Science takes in $67M

Data advertising company Integral Ad Science announced today that it raised a $27 million round. The investment was led by Sapphire Ventures and Cross Creek Advisors. The Startup also announced it took in $40 million in debt financing from Silicon Valley Bank.

Integral said the funds will help its “ongoing mission of providing the digital advertising industry with innovative technology that delivers actionable intelligence for media buying and selling.”

More: Integral Ad Science

Mobile telematic startup Driveway puts $10M in its glove compartment

Startup Driveway Software closed a $10 million series A round to grow its mobile telematics technology, which apparently gives users “objective ratings” on their driving styles, the San Francisco-based company announced today.

The round was led by Ervington Investments, an investing arm for Russian businessman and Chelsea Football Club owner Roman Abramovich. Driveway has raised $11.3 million so far, and it plans to double its 20-person team within the next three months. It is also said to be working with insurance companies and other prospective partners.

Read more

 

This list will be updated with breaking funding news all day. Check back for more.

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member