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Uber has raised $3.5 billion from Saudi Arabia's Public Investment Fund, the ridesharing company announced on Wednesday. "Our experience in Saudi Arabia is a great example of how Uber can benefit riders, drivers and cities and we look forward to partnering to support their economic and social reforms," said Uber CEO Travis Kalanick. The amount is the largest that Uber has received from a single investor. The company is valued at $62.5 billion.