Nextbillion.ai
US-based Velocitor acquires NextBillion.ai, Microsoft exits
NextBillion.ai had previously raised over US$32 million from backers such as Microsoft, Lightspeed Venture Partners, and Alpha Wave Global.
NextBillion.ai posts 28% revenue growth in 2022, losses widen to $7.1m (update)
Co-founder Ajay Bulusu said the AI mapping startup expects to hit profitability within the next two or three years.
Microsoft VC-backed AI mapping firm bags $21m series B
Singapore-based NextBillion’s platform allows its clients to develop, scale, and take control of their mapping ecosystem.
AI maps startup NextBillion used this pitch deck to bank over $6.2m from Microsoft venture fund
The firm was built by three co-founders who were previously part of Grab’s tech leadership team.
NextBillion.ai looks to dethrone Google Maps in the enterprise space
Its founders previously built maps for super app Grab. Now, they are on a mission to do the same for the “NextBillion” enterprises.
Singaporean AI mapping startup secures $6.25m from Microsoft’s venture fund
NextBillion co-founder Ajay Bulusu said the investment will help the company scale and expand to markets such as North America.
Former Grab execs’ AI startup nets $7m in series A money
The round was co-led by Lightspeed Venture Partners and Falcon Edge Capital.
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