August 4, 2015 0 Comments
What do Google, Amazon and Microsoft all have in common? Aside from being some of the tech industry’s movers and shakers, they are all Uber investors. Google placed $258 million in Uber in 2013 and then followed-on in 2014. Amazon’s Jeff Bezos was one of the investors in Uber’s $32 million Series B funding in 2011. This week, Microsoft, along with Indian media company Bennett Coleman & Co., invested $1 billion into Uber and boosted the company’s valuation to $51 billion. As Uber continues to transform global transportation, industry observers are beginning to wonder how Google, Amazon and now Microsoft will all figure in Uber’s future. Will we soon see a fleet of Google’s self-driving cars available on Uber? Will Amazon use Uber cars for its deliveries? While Microsoft’s investment is later-stage than we’ve come to expect from their venture team, some analysts are speculating that the deal could be about Uber using Microsoft’s Azure cloud platform for its operations. Investors are eagerly awaiting an Uber IPO. The $51 billion valuation now sets the Uber IPO as the hottest public offering since the Alibaba deal of 2014.
© 2016 Online Agility Investments, Acquisitions and Venture Capital Database | Internet DealBook. All Rights Reserved.