Investing in startups is one of the most under-reported and under-invested areas of the economy, and while the stock market is in a bubble, a big tech company is likely to get more attention than ever before.
In addition to Facebook, Uber, Amazon, Airbnb, Lyft and Google, the next big-name investment firm to go public in 2018 is Uber, which announced Thursday it had raised $1.2 billion in a $1 billion Series A round.
The round was led by Sequoia Capital and includes an undisclosed number of investors, including the investment arm of Facebook.
Uber, which has been valued at $72 billion, has been building a reputation as a leader in autonomous vehicle technology.
Its ride-hailing service has been gaining ground in cities around the world.
Its technology is used in cars in more than 30 countries, including in the U.S., and is now in use by dozens of cities in the United States, Britain, China, South Korea, India and Brazil.
Last year, Uber raised $11 billion from investors including Fidelity, Andreessen Horowitz and Sequoias.
As with other companies in this space, Uber is looking to tap into a growing market for self-driving vehicles.
In January, the company acquired self-flying startup Waymo, which had been developing a driverless vehicle that could be operated by its drivers and passengers in urban environments.
With Uber’s investment, it has the potential to be a key player in the ride-sharing space.
“We’re building on our experience in the self-service space to help Uber and other ride-share companies get to where they want to go in a way that’s frictionless, cost effective and scalable,” said John Krause, Uber’s senior vice president of business development.
“In other words, the ride will be free.”
The ride-hopping company has struggled to get traction in the real estate market, and Uber is trying to get to the top of that with a new business that lets users rent cars in their home.
For Uber, the $1-billion investment is a great first step into the new market, said Krause.
But it is likely not the last.
Uber’s ride-hire business has been in a slump for years, with the company only making a $6.5 billion profit in 2015.
That’s partly because Uber has been focused on acquiring smaller competitors in the business, like Lyft, in order to build up its market share.
Despite this, Uber has shown a willingness to work with other players, like Uber for Home, the self or car-hiring app owned by the same parent company as Uber, in the past.
Uber also has plans to expand its car-sharing business, and it has raised some $50 million from investors in the last two years, according to the New York Times.
Still, it may not be enough to turn the tide in the market, experts say.
One of the biggest concerns is the lack of competition, which means the ride hailing app will be one of many competitors.
That could lead to higher prices for passengers, especially if Uber’s car-hire service is less efficient than rival companies.
Other ride-service companies, such as Lyft, are investing heavily in self-drive technology, which could help Uber to compete with rivals.
There is also the issue of competition.
Uber is owned by a group of tech billionaires including Google co-founder Sergey Brin and Facebook founder Mark Zuckerberg.
But other companies have tried to copy Uber and Lyft’s business model, and some have failed, like the ride share company Zipcar.