NextBillion.ai, the Singapore-headquartered AI spatial data SaaS startup with development centres in India, has added another $6.25 million to its Series A round, raising the capital from M12, the venture fund arm of Microsoft.
In June last year, Nextbillion AI had raised $7 million in the Series A round from Lightspeed Venture Partners and Falcon Edge Capital. The startup claimed that the latest round from M12 has come in at a significant valuation jump.
NextBillion.ai plans to use the funding raised from M12, the venture arm of Microsoft, to rapidly expand into global markets.
