Uber CEO Travis Kalanick announced six months ago that the ride-hailing service had no plans to buy other companies. But times have changed.
Uber announced Tuesday it’s acquiring mapping and search startup deCarta to help improve its car-pool service and to better calculate how long passengers’ Uber rides will take. Terms of the deal weren’t disclosed.
“A lot of the functionality that makes the Uber app so reliable, affordable and seamless is based on mapping technologies,” an Uber spokeswoman said in an e-mailed statement. “With the acquisition of deCarta, we will continue to fine-tune our products and services that rely on maps.”
Video About UberUber, a smartphone app that pairs passengers in need of a ride with drivers, has raised $5.9 billion since it was founded in 2009. That makes it the second-most valued venture-backed company in the world, with a valuation of $41 billion. The influx of investor money has allowed Uber to expand into more cities and countries and to acquire smaller companies — though it hasn’t really talked about any of its takeovers before today. Uber said it’s made a very small number of other acquisitions, but it hasn’t disclosed the names of the companies.
Source: Dara Kerr