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# Singapore's data mapping startup NextBillion.ai raises $21 million
- URL: https://www.techloy.com/singapores-data-mapping-startup-nextbillion-ai-raises-21-million/
- Published: 2022-05-23T12:31:10.000Z
- Updated: 2022-12-08T00:52:57.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Big Data & Analytics, Tech in Singapore, / Artificial Intelligence

[NextBillion.ai,](https://nextbillion.ai/) a spatial data mapping startup based in Singapore has raised $21 million in its new funding round led by Mirae Asset Investments. 

- The funds will help the startup expand its presence globally, move into North America and Europe and build out decentralized geospatial technology stacks for businesses, it claims.
- NextBillion.ai is a Singaporean startup empowering enterprises to build, scale and manage their own spatial data ecosystem with more than 30 customers currently supported in over 20 countries.
- The enterprise claims it recorded 4x year-on-year growth in revenue, 10x growth in its customer base and plans to 4x its growth in 2022\.
- It last raised an added $6.25 million to its Series A round last year and now has $34 million in raised total since it launched in 2020\.