NextBillion.ai raises $7M funding led by Lightspeed India Partners Advisors and Falcon Edge Capital. It builds mapping and other AI-based hyperlocal services for emerging markets, was founded earlier this year by Ajay Bulusu, Gaurav Bubna and Shaolin Zheng, all former employees of Southeast Asian ride hailing giant Grab.
“Mapping is our first use case, but as we progress in our journey, we want to get into more verticals with an AI-first approach. Natural language processing, facial recognition and cybersecurity will be some of these areas,” said Bulusu.
“We have a lot of hyperlocal nuances. For instance, no company gives you a specific #API for route optimisation of trucks, or autos, or two-wheelers. But the route a truck takes to deliver a package versus a bike might be significantly different,” added Bulusu.
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Nextbillion.ai raises $7M funding led by Lightspeed India Partners and Falcon Edge Capital - ETtech
Nextbillion.ai has raised $7 million in Series A funding, led by Lightspeed India Partners and Falcon Edge Capital. The company, which builds mapping and other AI-based services for emerging markets, was founded earlier this year by Ajay Bulusu, Gaurav Bubna and Shaolin Zheng, all former employees of Southeast Asian ride hailing giant Grab.
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