NextBillion AI, which operates an artificial intelligence-based enterprise platform focused on hyperlocal solutions, has raised $6.25 million (Rs 45 crore) in its extended Series A round of funding from M12, formerly known as Microsoft Ventures.
The company had received $7 million from Lightspeed Venture Partners and Falcon Edge Capital in Series A funding in June last year.
“As a high-growth company, working with the right VC was vital for us. In the M12 team, we have found a long-term champion that is helping us scale and expand to North America and other global markets,” said Ajay Bulusu, co-founder of NextBillion AI.
