NextBillion.ai raises $21Mn in Series B funding round
By MYBRANDBOOK
NextBillion.ai, a spatial data and mapping platform for enterprises, has raised a $21 million led by Mirae Asset Venture Investments in its Series B funding round, including participation from existing investors Lightspeed, Microsoft’s venture arm M12 and Alphawave.
The proceeds will be used to accelerate its presence globally, expand into North America, Europe along with building and managing decentralized geospatial technology stacks for enterprises. The company had raised an additional $6.25 million as a part of its extended Series A round a year ago.
NextBillion.ai’s solutions are used across diverse industries including ride hailing, food delivery, big tech and logistics industries. The company’s AI-powered APIs and SDKs help enterprises manage their spatial data at a petabyte scale.
NextBillion.ai claims that it has seen a 4x year-on-year growth in revenue and 10x growth in customer base and it further aims to grow another 4X through 2022. The company supports over 30 customers across more than 20 countries and handles billions of API calls each month.
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
OPTIEMUS INFRACOM
RELIANCE JIO INFOCOMM LTD.
STERLITE TECHNOLOGIES LTD.
LAVA INTERNATIONAL LTD.
Technology Icons Of India 2023: Amitabh Kant
Amitabh Kant is presently the G20 Sherpa of India during its Presidenc...
Technology Icons Of India 2023: Som Satsangi
With more than three decades in the IT Sector, Som is responsible for ...
Technology Icons Of India 2023: Ritesh Agarwal
Ritesh Agarwal Founder & CEO of OYO Hotels & Homes-World’s fastest g...
PGCIL transforming India with its wide power transmission network
Engaged in power transmission, POWERGRID or PGCIL is a stated owned In...
CSCs enabling rural India digitally empowered
Common service centres (CSCs) are digital access points under the Digi...
BSE provides highly secure, efficient and transparent market for trading
BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first & t...
NETPOLEON SOLUTIONS
Netpoleon Group is a Value-Added Distributor (VAD) of Network Security...
M. TECH SOLUTIONS (I) PVT. LTD.
M.Tech is a leading cyber security and network performance solutions ...
SUPERTRON ELECTRONICS PVT. LTD.
Supertron deals in servers, laptops, components, accessories and is a...