Naboo, a Paris-headquartered company, has raised $70 million in a Series B funding round to further develop its AI-powered corporate event planning platform. This investment will help the company achieve its goal of becoming the primary operating layer for large corporations to plan, book, and manage their events.
The funding round was led by Lightspeed Venture Partners, which also backed Mistral AI in 2023. This investment comes just a year after Naboo secured €20 million in its Series A round. Naboo’s platform utilizes AI to streamline corporate event planning, covering various aspects such as venue booking, travel arrangements, supplier coordination, and budget control. Founded in 2022, Naboo has established itself as a key player in simplifying corporate event organization and management.
With this new funding, Naboo is poised to expand its capabilities and solidify its position in the corporate event planning market. The company’s AI-powered procurement platform is designed to provide a comprehensive solution for large companies to plan and manage their events efficiently. As Naboo continues to grow and develop its platform, it is likely to have a significant impact on the corporate event planning industry, providing companies with a more streamlined and effective way to manage their events.
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