Uber raises another $1.2 billion, pledges to become 'more humble company'

After a bumpy November, Uber is closing the year by raising another $1.2 billion in financing, bringing the total to more than $2 billion to date

In a blog post announcing the financing, Uber CEO Travis Kalanick said the company is six times bigger than it was a year ago. The financing will be used to invest in new markets, "particularly in the Asia Pacific region."

See also: 38% of Americans have never even heard of Uber

Kalanick didn't mention a valuation figure, but reports pegged it at $40 billion based on the latest round. A rep for Uber did not immediately respond to our request for comment Read more...

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