Welcoming NextBillion.ai to the M12 portfolio
We’re thrilled to welcome NextBillion.ai—a leading geospatial data platform—to the M12 portfolio with their latest funding milestone.
Location intelligence is core to an increasing number of customer scenarios—whether you’re providing an ETA for a rideshare car, tracking the location of a package on an 18-wheeler, or routing a pizza delivery in dense city traffic on a moped. Globally, companies spend billions of dollars a year on their mapping stack, but enterprise location-based solutions are long overdue for disruption. Existing one-map-fits-all solutions do not support the variety of enterprise-specific needs, forcing companies to forfeit the use of proprietary end user data, or implement DIY hacks. NextBillion.ai disrupts the existing status quo by helping large enterprises build, scale, and manage their own geospatial data ecosystem, cost-effectively.
Nextbillion.ai is creating new product categories: Map Data as a Service (MDaaS) and Location Platform as a Service (LPaaS). They are building the foundation for delivering a highly scalable lakehouse that offers derivative applications, analytics, and location data tools. The data platform is on a trajectory to replace traditional mapping and location data tooling with a reimagined and decentralized geospatial data platform. Supporting on-premises deployments, multi-tenant cloud models, and enterprise-owned maps at scale, NextBillion.ai is delivering configurability, reliability, and performance across structured, semi-structured, and unstructured data.