NextBillion AI, a startup in mapping platforms that provides software-as-a-service for enterprises, recently announced solutions for hyperlocal custom map API industry pitfalls in on-demand deliveries, telematics and last-mile logistics. NextBillion offers custom and hyperlocal geocodes, search functionality, ETAs and snap-to-road solutions based on individual fleet and delivery use-cases.
“Every country has different truck laws, every vehicle type drives at a different speed, and each organization has different rules for hours of operations and drive-time,” said Gaurav Bubna Co-Founder of NextBillion AI. “NextBillion AI accounts for these various constraints in three ways: Inferences telemetry using our advanced ML to observe drive-pattern and roads taken, ingesting rules and logic directly from customers, or giving customers access to mapping tools to make their own adjustments on-the-fly natively into maps itself.”
This software-as-a-service solution factors in local road restrictions, vehicle types, rest and meal breaks and other specific special constraints. NextBillion applies AI to learn local traffic and weather conditions, unstructured addresses and unique driving behaviors to build custom map APIs.
"For businesses that produce a high-volume of route optimizations and distance matrix calls, computations normally require 30 minutes to return optimal routes. NextBillion AI offers on-prem and private cloud solutions which allow a 3-5 minute return and an increase of up to 10x in performance and reduced latency," said Ajay Bulusu, Co-Founder of NextBillion AI.
NextBillion AI was founded in January 2020 by COO Ajay Bulusu, chief product officer Gaurav Bubna, and CTO Shaolin Zheng. They formerly worked with the map team at Grab, a multinational ride-hailing and food-delivery company. NextBillion AI is headquartered in Singapore and currently has 45 employees spread across Hyderabad, Bengaluru, India, and Singapore. NextBillion AI has raised $7M in funding backed by Falcon Edge Capital, Lightspeed India Partners, and several private investors.
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