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