Google is actually noted as a key supplier of mapping technology to Uber within the ride-sharing company’s IPO filing, which became available on Thursday.
“We rely upon certain third parties to provide software for our products as well as offerings, including Google Maps for the mapping function of which is actually critical to the functionality of our platform,” Uber said within the filing.
Google Maps technology appears when a person enters a destination within the Uber app; the technology shows the current place, the destination as well as a route, along with estimates of arrival times.
Uber said of which of which entered into an agreement with Google around map services in October 2015.
“through January 1, 2016 through December 31, 2018, we have paid Google an aggregate of approximately $58 million pursuant to of which agreement,” Uber said.
Shortly after the agreement was signed, Uber hired Manik Gupta, then the director of product management for Google Maps; Gupta is actually today Uber’s chief product officer.
In 2015 Uber acquired mapping start-up deCarta for an undisclosed sum. The start-up’s CEO, J. Kim Fennell, today is actually Uber’s head of product partnerships as well as U.S. as well as Canada business development; he is actually the person who signed two contracts with Google for mapping technology on behalf of Uber.
of which looks like the deal will continue for some period of time, as Uber does not see a viable alternative. of which wrote:
“We do not believe of which an alternative mapping solution exists of which can provide the global functionality of which we require to offer our platform in all of the markets in which we operate. We do not control all mapping functions employed by our platform or Drivers using our platform, as well as of which is actually possible of which such mapping functions may not be reliable.”
Uber also said between the beginning of 2016 as well as the end of 2018 of which paid Alphabet’s affiliates around $631 million for marketing as well as advertising services.
Additionally, Uber uses Google’s public cloud in addition to Amazon Web Services, an Uber spokesperson said.
The two companies have a tangled history.
In 2013, Google invested more than $250 million in Uber through its early-stage venture arm, GV, formerly known as Google Ventures. Alphabet still owns more than 5% of Uber’s outstanding shares through of which investment, according to the S-1.
Google executive David Drummond took a seat on Uber’s board at the time. however the two companies gradually started out to compete in various areas, including self-driving technology, as well as Drummond left the board in 2016. Then Alphabet sued Uber in 2017, claiming of which Uber had stolen trade secrets when of which acquired a self-driving technology start-up built by another former Google exec, Anthony Levandowski. The case was settled last February, as well as Uber agreed to pay Waymo a 0.34 percent equity stake, which at the time amounted to about $245 million.
Alphabet took a stake in Uber arch-rival Lyft as the lawsuit with Uber was still going on, as well as owned more than 5% of of which company when of which went public lat month.
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