Amazon is also exploring an acquisition strategy to strengthen its new supermarket brand by purchasing regional grocery chains, which have at least a dozen stores under operation.
Google trails Amazon and Microsoft in the fast-growing business of helping companies move to the cloud, with Google Cloud holding 8.5% of worldwide cloud market share at the end of 2018.
The Series C was led by IVP and joined by aXiomatic Gaming, Battery Ventures, Causeway Media Partners, CRV, and Samsung Ventures.
Uber’s self-driving car unit has racked up losses of $125 million to $200 million each quarter for the past 18 months.
Amazon’s talks with financial firms are seen as an attempt to create a product to attract younger consumers, mainly those without bank accounts.
“While you don’t want to blame individuals, in the end the CEO of the company has to take responsibility,” Khosrowshahi said.
This is an extension to a financing round earlier this year that raised up to $350 million
Snap said Tencent bought its shares through open market purchases this month.