According to Saitto, Uber is seeking less than $1 billion from new private equity investors. The company also hired Cameron Poetzscher from Goldman Sachs to lead its corporate development. Prior to this reported fundraise, Uber had raised more than $300 million from investors such as TPG and Google Ventures. Late last year, leaked revenue reports showed the company was generating about $20 million per week.
Other companies that have recently been given $10 billion valuations include Airbnb and Dropbox.
We've reached out to the company and will up update when we've learned more. One reason for caution is that Saitto also previously reported that Tinder, a Los Angeles-based dating company, was worth $5 billion, however it's valuation turned out to be a much less $500 million.)
Click here to learn all about Uber's bombastic co-founder and CEO, Travis Kalanick.