Naboo, a Paris-headquartered company, has raised $70 million in a Series B funding round to further develop its artificial intelligence event planning platform into a corporate procurement platform. This investment will help Naboo accelerate its goal of becoming the primary operating layer for large companies to plan, book, and manage corporate events.
The funding round was led by Lightspeed Venture Partners, which also invested in Mistral AI in 2023. This investment comes just one year after Naboo closed a €20 million Series A round. Naboo aims to provide an AI-powered procurement platform that covers all aspects of corporate events, including venue booking, travel arrangements, supplier coordination, and budget control. Founded in 2022, Naboo has established itself as a simplifier of corporate event organization and management.
The successful funding round is expected to have a significant impact on the development of Naboo‘s platform, enabling the company to further expand its services and solidify its position in the market. As Naboo continues to grow and improve its offerings, it is likely to become a key player in the corporate event planning and procurement industry, providing large companies with a streamlined and efficient solution for managing their events.
Leave a Reply