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Uber

Uber is an American venture-funded startup and transportation network company based in San Francisco, California, that makes mobile application software ("app") that connects passengers with drivers of vehicles for hire and ridesharing services. The company arranges pickups in dozens of cities around the world.

Initially, Uber drivers had cars such as Lincoln Town Cars, Cadillac Escalades, BMW 7 Series, and Mercedes-Benz S550 sedans. After 2012, Uber added a wider selection of cars to market to a broader cross-section of the market, called UberX. Cars are reserved by sending a text message or by using a mobile app. Using the apps, customers can track their reserved car's location.

In June 2014 Uber completed a round of funding valuing the company at $18.2 billion. Although Uber has not released the names of its investors, it has been widely reported that Fidelity Investments leads the investment.

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