AI Company Near Raises $100M in Growth Funding

nearNear, a Singapore-based platform that leverages AI to make real-world data actionable, raised $100m in growth funding.

The investment, which brings total funding raised to date to $134m, came from Greater Pacific Capital (GPC).

The company intends to use the funds to launch a suite of new data products, powered by the core platform, and strengthen its position in existing markets and enter key strategic markets.

Founded in 2012 and led by Anil Mathews, CEO, Near is a large source of intelligence on people and places, processing data from over 1.6 billion monthly users across 44 countries. The platform powers data-driven marketing and enrichment offerings through a suite of SaaS products. The users can leverage audience, spatial, retail, among other data in a privacy-led environment. Today, brands such as News Corp, MetLife, The We Company and Mastercard use the solutions to provide enhanced customer experiences.

The company, which has offices in San Francisco, New York, London, Bangalore, Tokyo and Sydney, is also backed by Sequoia Capital, JP Morgan Private Equity Group, Cisco Investments and Telstra Ventures.



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