— Nextbillion takes home prize money of $250,000 in grants —
— Emerged winner among 7500 participants from 159 countries —
Nextbillionai, a diversified enterprise AI platform founded in early 2020, today won the prestigious Slingshot 2020 Startup SG Award, Asia’s biggest deep-tech startup award at the Singapore Fintech Festival. Nextbillionai competed against 7500 participants from 159 countries to become the youngest startup ever to have won this award. The nine months old startup was co-founded by Ajay Bulusu, Gaurav Bubna and Shaolin Zheng and has been developing AI-powered hyperlocal solutions.
Speaking at the occasion, Ajay Bulusu, Co-founder, Nextbillionai said, “A good business idea is something that impacts billions of people and touches their lives on an everyday basis. We are developing an AI-based mapping ecosystem that will improve the overall experience of everything from booking a cab, ordering food to delivery of groceries. This award is a testament of the commitment and dedication that the Nextbillionai team has shown. We are elated to be recognised for the work we are doing in the location and mapping ecosystem around the world.”
NextBillion AI was founded with a mission to be the world’s most hyperlocal AI company to help enterprises targeting their next billion customers. The company has raised $7mn in Series A funding from Lightspeed India Partners & Falcon Edge. Nextbillionmaps, the first product of nextbillion.ai is a total mapping solution that includes features like directions, distance matrix, geocoding and search, map tiles and map data curation among others. This is done by building custom map stacks that are tailor made for enterprises specific use cases offering not only cost savings but also greater control over the map data.
The company has already onboarded a selection of high-profile clients from various verticals that includes social media, ride-hailing, food delivery, freight and logistics. After a tremendous response from clients in India, South East Asia and Africa markets. Nextbillionai has recently made strategic appointments to establish their presence in the US and EU markets.