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The Uber driver app on the windshield of UberX driver Regan Rucker, indicates surge pricing during peak ridership on April 4, 2014 in Washington.  Evelyn Hockstein—The Washington Post/Getty Images

Report: Uber Nearing $10B Valuation

May 15, 2014

Car service Uber is reportedly considering new rounds of financing that could value the start up at over $10 billion, Bloomberg reports.

Citing unnamed industry sources "close to the situation," Bloomberg says the San Francisco company’s value—currently $3.5 billion— could triple if it secures investments from private equity firms.

The $10 billion valuation would align Uber with another sharing-economy giant, Airbnb, which was valued at $10 billion recently.

Uber did not immediately respond to TIME's request for comment on the report.

[Bloomberg]

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