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Uber has ruffled the feathers of taxi companies and govements the world over, but its inteational relations aren't all bad.
On Wednesday, the company aounced it had received a massive $3.5 billion investment from Saudi Arabia's Public Investment Fund, the biggest solitary contribution made to Uber. The ridesharing app is now valued at $62.5 billion, the New York Times reports.
"We appreciate the vote of confidence in our business as we continue to expand our global presence," said Uber founder and chief executive Travis Kalanick in a statement.
Meanwhile, the Silicon Valley start-up said last November that it'd best investing $250 million on expansions into Middle East and North Africa.
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