- Briefing Your roundup of Asian tech and startup news that matter
Miguel Cordon · · 1 min readSingaporean AI mapping startup secures $6.25m from Microsoft’s venture fund
NextBillion, an artificial intelligence startup that offers geospatial mapping solutions for enterprise use, said it has secured US$6.25 million to increase its access to global markets.
More funding details
- Sole investors: M12, Microsoft’s venture fund
- Stage: Series A extension
More company updates
- M12’s investment will help the company scale and expand to markets such as North America, NextBillion co-founder Ajay Bulusu said in a statement.
- Established by former members of Grab’s tech leadership team in 2020, NextBillion said it has expanded to support 15 customers across 20 countries and help enterprises map over 2.5 million miles of roads since its inception.
- The investment comes after NextBillion raised US$7 million in a series A funding round last year co-led by Lightspeed Venture Partners and Falcon Edge Capital.
- The company previously said it planned to invest in new areas such as facial recognition, natural language processing, and cybersecurity.
For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.
Editing by Collin Furtado and Eileen C. Ang
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
