Uber has closed a deal raising nearly $1 billion in new capital, pushing its valuation to more than $50 billion, the Wall Street Journal reported. Investors in the latest round include Microsoft Corp. and the investment arm of Indian media conglomerate Bennett Coleman & Co. According to reports, Microsoft invested $137 million in the deal.

Uber is evolving the way the world moves. By seamlessly connecting riders to drivers through our apps, we make cities more accessible, opening up more possibilities for riders and more business for drivers. From our founding in 2009 to our launches in over 35 cities today, Uber's rapidly expanding global presence continues to bring people and their cities closer.