Uber Reportedly Valued at $1 Billion

Uber is in the midst of a fundraising round that values the company at $1 billion, according to Reuters' report.

Uber is in the midst of a fundraising round that values the company at $1 billion, according to Reuters’ report.

The news follows remarks by Bill Gurley, an Uber investor through Benchmark Capital, at the Disrupt NY conference, describing Uber as “probably the fastest growing company that we’ve ever had.” Gurley specifically noted that Uber was growing faster than eBay did in its early days.

A billion-dollar valuation would put Uber, which launched in 2010, in a small class of elite start-ups.

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