NextBillion.ai, a Marina South, Singapore-based leading spatial data + AI platform that helps enterprises build, scale, and manage their own mapping ecosystem, raised $21 million in a Series B funding round led by global investment firm Mirae Asset Venture Investments.
With this latest round of funding, NextBillion.ai intend to fuel its expansion efforts — be it customers, products, partners, or teams. It will help to expand its product portfolio, build inventive map tools, invest deeper into R&D activities, and diversify its partner ecosystem.
Company: Nextbillion.AI Pte. Ltd.
Raised: $21.0M
Round: Series B
Funding Month: May 2022
Lead Investors: Mirae Asset Venture Investments
Additional Investors:
Company Website: https://nextbillion.ai/
Software Category: Location and Geospatial SaaS platform
About the Company: Founded in 2020 by Gaurav Bubna, Ajay Bulusu, and Shaolin Zheng, NextBillion.ai is an industry-leading spatial data + AI platform that helps enterprises build, scale, and manage their own mapping ecosystem. Nextbillion.ai develops AI-powered hyperlocal solutions for business mapping and data management and solves highly complex location problems. NextBillion.ai’s aim is to build a self-sustaining location ecosystem for every enterprise — enabling a billion different maps for millions of enterprises. It is headquartered in Singapore with offices in San Francisco, Bengaluru, Hyderabad, and Beijing.
Source: https://nextbillion.ai/blog/nextbillion-funding-series-b