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Uber Technologies

Posted on July 29, 2016 | No Comments on Uber Technologies

Uber Technologies Inc. is a company that is recognized in providing smartphone application that links drivers with people who need a ride. The company’s application allows users to organize and schedule transportation, as well as logistics services with third party providers. The services that Uber Technologies offers is accessible almost all over the world, as it serves its customers in North America, the South Americas, the Middle East, Africa and the Asia Pacific. The company has a tactical partnership with Alexandria Real Estate Equities, Inc. Uber Technologies was being founded in 2009, and its office is situated in San Francisco California. It was previously known as UberCab Inc. and in October 2010, it changed its name to Uber Technologies.

Due to its expansion and growth, Jill Hazelbaker, the vice president of public policy and communications for that renowned mobile application Snapchat Inc. was hired by Uber Technologies for the same position. The hiring of Jill Hazelbaker was confirmed, and it gives the fast growing Uber another political old timer to repulse in contradiction of the authorities around the world deciding what rules the world’s most appreciated private technology company must follow. Jill Hazelbaker held senior offices within the political campaigns of a senator. Her responsibility included supervising internal, government and product communications throughout Europe, the Middle East and Africa.

Meanwhile, the company is also planning to raise funds that are close to $1 billion in the new project capital from investors. More accurate targets on the size and estimates will be ascertained after the company begins the talks with the investors. The executive management at Uber has already consented another round, and the company already intends to begin official conversations and talks with the investors. In addition to this, the company also seeks to raise $2.5 billion that will be used for its management and operation in China. This makes the gauge of funding to double the size of the entire capital raised in China so far. Uber Technologies required the cash to support the vicious competition that it is currently having with Didi-Kuaidi, its Chinese rival.

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