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