Thursday, March 5, 2015

Uber Buys deCarta

San Francisco-based Uber has acquired San Jose-based mapping technology developer deCarta, according to the companies Wednesday. Financial terms of the buy were not disclosed. deCarta was headed by Kim Fennell. Uber said it will use the acquisition to bolster its mapping capabilities. deCarta was venture backed by Cardinal Venture Capital, Hotung Venture Capital, Mobius Venture Capital, Norwest Venture Partners, T-Mobile, and Translink Capital, and had raised around $54M in venture funding.