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.

Kabam joins the $1 billion club after Alibaba investment. Can it avoid the fate of Zynga?

Gaming company Kabam, creator of such little known hits as “Kingdoms of Camelot” and “The Hobbit: Kingdoms of Middle-earth,” has joined the elite-ish $1 billion valuation club following a sizable Series E from Alibaba. With a “diversify and prosper” strategy, Kabam hopes to avoid the rocky roads paved by Zynga and Candy Crush’s King.com.