By Linda Chiem ( July 31, 2015, 6:49 PM EDT) -- Uber Technologies Inc. is just about the hottest thing in Silicon Valley right now, after closing a new round of funding valuing the ride-hailing company at almost $51 billion, The Wall Street Journal reported Friday. That matches Facebook Inc.'s record for a private venture-backed startup, according to the report. Uber raked in nearly $1 billion in this latest round from investors that included Microsoft Corp. and the investment arm of Indian media conglomerate Bennett Coleman & Co. Ltd., according to the report. The funding round pushes Uber's valuation to nearly $51 billion from the $40 billion it was worth earlier this year, signaling that investors are on board with San Francisco-based Uber's plans to bolster its technology and expand in large markets outside the U.S., including China, the report said....
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