Nextbillion.ai, a diversified enterprise Artificial Intelligence (AI) platform, has raised $7 million in Series A funding, led by Lightspeed India Partners and Falcon Edge Capital.

The start-up will use the funds to grow its team, build vertical specific AI first capabilities and also go into new domains like neuro linguistic programming and facial recognition for the next billion user markets.

Nextbillion.ai which builds mapping and other AI-based services for emerging markets, was co- founded earlier this year by Ajay Bulusu, Gaurav Bubna and Shaolin Zheng, all former employees of Southeast Asian ride hailing giant Grab.

“We see opportunity in building an inclusive world offering equal access to technology solutions in the most intelligent, secured and affordable manner,” said Ajay Bulusu, co-founder, Nextbillionai.