Microsoft invests in Uber co-founder's new venture, CloudKitchens: report
Jean-Luc Ichard


Microsoft (NASDAQ:MSFT) has invested in Uber (UBER) co-founder Travis Kalanick's new venture, Cloud Kitchens, becoming the first known U.S.-based investor to do so, according to the Financial Times.
The news outlet, citing two people with knowledge of the agreement, reported that the investment was part of CloudKitchens' $850M funding round in November 2021. It gave the company, which provides "dark kitchens" to restaurants for the purpose of cooking food to be sold on delivery apps, a $15B valuation.

In addition, CloudKitchens, which now has more than 4,000 employees across the globe, has started to use surplus space for convenience goods, including pet food and over-the-counter medicine, the news outlet added.
Microsoft (MSFT) was a previous investor in Uber (UBER) in 2015, plunking down roughly $100M.
Kalanick resigned as Uber (UBER) Chief Executive in 2017 following a string of scandals tied to the company's culture.
Earlier this month, it was reported that the U.S. Army is set to receive the initial shipments of Microsoft's (MSFT) combat goggles following a successful field test.