Apps

Uber’s Mideast-Rival Careem Raises $200 Million to Expand, Expects More Funds

Middle East ride-hailing company Careem said on Thursday it had secured $200 million (roughly Rs. 1,500 crores) in fresh funding from existing investors and that it expects to raise more to finance expansion plans. Careem, which counts Gcarmaker maker Daimler and China’s largest ride-hailing company Didi Chuxingamong its other backers, was estimated to be worth around $1 billion […]

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Uber to Spend $150 Million in Toronto on Engineering, Self-Driving Cars

Uber Technologies is spending millions of dollars in Toronto to open an engineering hub and expand its self-driving car operations, the strongest indication yet that the company is not retreating from autonomous vehicle development despite recent setbacks. Chief Executive Dara Khosrowshahi said on Thursday that Uber will invest more than $150 million (roughly Rs. 1,000 crores) over […]

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Uber Names Ex-NSA General Counsel Matt Olsen as Chief Security Officer

Uber Technologies named Matt Olsen as its chief security officer, the ride-hailing company’s Chief Executive Officer Dara Khosrowshahi said in a tweet on Tuesday. Khosrowshahi hired Olsen, a former general counsel of the US National Security Agency (NSA), in November following a breach in 2016 that exposed the data of some 57 million users of the ride-sharing service. […]

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New York City Votes to Cap Uber, Lyft Vehicle Licences

The New York City Council on Wednesday agreed to cap the number of licences for ride-hailing services such as Uber Technologies for one year, dealing a blow to the companies that have relied on the largest US metro area for a major source of their revenue. The first such cap by any major US city was part of a […]

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Uber Names New Privacy Chief, Data Protection Officer

Uber Technologies appointed Ruby Zefo as chief privacy officer and Simon Hania as data protection officer, a company spokeswoman told Reuters on Wednesday. The ride-hailing company has had a rough history when it comes to protecting driver and passenger data, even while it gears up for a public listing next yea Hackers previously stole information about […]