Tag: Uber

Celonis Raises $290M; Valued at $2.5 Billion

Celonis, a Munich and New York-based provider of AI-enhanced Process Mining and Process Excellence software, raised approximately $290m in Series C funding. The round, which brings total funding to approximately $370m and valued the company at $2.5 billion, was led by Arena Holdings with participation from Accel, 83North, as well as:– Ryan Smith, co-founder and… Continue reading Celonis Raises $290M; Valued at $2.5 Billion

Russia’s Yandex.Taxi chooses three banks to arrange IPO: sources

MOSCOW (Reuters) – Russia’s largest online taxi service Yandex.Taxi has hired Morgan Stanley, Goldman Sachs and VTB Capital as the first three banks to prepare for an initial public offering (IPO), three banking sources told Reuters on Thursday. Russian internet company Yandex (YNDX.O) and U.S. group Uber Technologies Inc (UBER.N) combined their taxi businesses across… Continue reading Russia’s Yandex.Taxi chooses three banks to arrange IPO: sources

@VW Group: The Mobility Seers

Paulo Humanes, the PTV Group’s manager in charge of business development and new mobility, stands in the new mobility lab at his group’s headquarters in Karlsruhe. Featuring five monitors, a projection table, and a wall-sized screen, the room functions as a control center that can take visitors on virtual tours. First stop: Barcelona. “What do… Continue reading @VW Group: The Mobility Seers

Uber: A Note on Transparency: Government Requests for Data

By Uttara Sivaram, Global Privacy and Security Public Policy at Uber Today, Uber is updating our Transparency Report on government requests for user data, which encompasses requests for the full year of 2018. Because we know that transparency is a crucial part of the trust our users place in us, we are continually looking for… Continue reading Uber: A Note on Transparency: Government Requests for Data

Uber self-drive crash ‘mostly due to human error’

Media playback is unsupported on your device A distracted safety operator in an Uber self-driving car was primarily to blame for a fatal crash in 2018, a US regulator has ruled. The National Transportation Safety Board (NTSB) said an “inadequate safety culture” at Uber was also a major contributing factor. As too were poor, or… Continue reading Uber self-drive crash ‘mostly due to human error’

Feds Pin Uber Crash on Human Operator, Call for Better Rules

The Uber self-driving car crash that killed a pedestrian in March 2018 was the fault of the vehicle’s operator, who wasn’t paying attention at the time and was likely looking at her cell phone, the National Transportation Safety Board has determined. But the safety watchdog didn’t end the blame game there. At a board meeting… Continue reading Feds Pin Uber Crash on Human Operator, Call for Better Rules

Inside Lyft’s deal with Gett, which will see 99 engineers in Belarus move to Lyft and roughly 100 US employees laid off (LYFT)

Lyft on Monday announced a deal with Europe’s Gett. At the same time, Gett announced the shuttering of its ride-hailing business Juno, a small but fiercely loved competitor in New York.  Ninety-nine members of the engineering and tech team in Belarus will join Lyft as part of the agreement, but another roughly 100 support and… Continue reading Inside Lyft’s deal with Gett, which will see 99 engineers in Belarus move to Lyft and roughly 100 US employees laid off (LYFT)

Lyft soars after agreeing to partnership with Gett, the owner of shuttered rideshare rival Juno

Reuters Shares of the ride-hailing company Lyft gained as much as 5.32% Monday after Gett announced that it would partner with the company for its corporate clients in the U.S. beginning next year.  “This development reinforces Gett’s strategy to build a profitable company focused on the corporate transportation sector, a market worth $1 trillion each… Continue reading Lyft soars after agreeing to partnership with Gett, the owner of shuttered rideshare rival Juno

Juno shuts down its operations in NYC as owner Gett signs strategic partnership with Lyft

Gett, the ridesharing company backed by Volkswagen and valued at around $1.5 billion, is putting the brakes on a major part of its growth strategy. Today, the company announced that it is closing its operations in New York, which run under the Juno brand, effective today. The company has a substantial business serving enterprise customers… Continue reading Juno shuts down its operations in NYC as owner Gett signs strategic partnership with Lyft