Former Grab employees' start-up Nextbillionai raises $7 mn in funding

Company has launched an AI-driven mapping solution that customises APIs based on the size of the vehicles.

AI-driven solutions start-up Nextbillionai has raised $7 million from Lightspeed Venture Partners and Falcon Edge Capital. The company will use the funds to scale up hiring and launch new AI-enabled products.

The company--founded by former Grab executives Ajay Bulusu, Gaurav Bubna and Shaolin Zheng about three months ago--has launched an AI-driven mapping solution that customises APIs based on the size of the vehicles. The company has got 10 clients in India for its first product from sectors such as logistics, ecommerce, food delivery and freight.

“Globally, Google doesn’t provide any API except four wheeler. When you do that. Our first product Nextbillionmaps