Uber reportedly going for another $1 billion in funding

In what may be a private company money-raising record, Uber is reportedly raising yet another round. You may be asking yourself — wait, didn’t they just raise $1.2 billion? Yes, that was in June. And according to Financial Times sources, now Uber supposedly wants to raise another $1 billion, aiming for a $17 billion valuation to help fuel its international growth. Normally at this point a company would go public to get the revenue for that level of scale, so it’s not entirely clear why Uber is choosing the private funding route.