In 2013 Uber received three hundred million dollars funds from the Google Ventures. Both the tech company and the ride sharing company are working together to build the autonomous automobiles. But when Google’s parent company Alphabet’s senior Vice President David Drummond joined the ride sharing company’s board, since then they ramped up the driverless car designing. In a recent conference the CEO of Google Ventures, Bill Maris said that the relationship between both the companies is healthy and that the ride sharing company is working with Google Maps to improve their navigational feature. He also said that when two big companies partner together they will either compete or cooperate with each other’s business. Google Ventures CEO plans to meet with the ride sharing company’s senior Vice President of business Emily Michael and the CEO Travis Kalanick.
Last year, many top rank employees from Google moved to Uber like Christoff, who supervised former Google CEO and managed the East coast team, the communication head Rachel Whetstone, Manik Gupta worked with Google Maps, Google Express founder Tom Fallows. So Bill Maris said that he has many of his old friends in the ride sharing company. The app based company’s stocks that were bought by the Google Ventures are not sold in the market. The officials from the company said that they do not have any plans to sell the transportation company’s stock. GV CEO said that the transportation company has the potential to widen their network and transform the transportation service but are not aware of their strength.