Uber Reportedly Valued at $10bn, Pinterest at $5bn

Alex Spencer

Uber Taxi Hail AppIt looks like another wave of huge technology valuations is on its way.

Taxi booking app firm Uber is in financing talks to raise somewhere around $1bn. While the exact size and value of the funding could change, this would value the company at an estimated $10bn - almost triple the $3.5bn Uber was valued at last August, when it landed $258m from investors including Google Ventures.

This would put Uber in the '$10bn club' alongside tech firms including Dropbox and Airbnb, which were valued at the same amount in January and March respectively.


In other valuation news, Pinterest has raised a $200m funding round from existing investors SV Angel, Bessemer Venture Partners, Fidelity, Andreessen Horowitz, FirstMark Capital, and Valiant Capital Partners. This funding values the social network firm at $5bn, compared to $3.8bn last October.