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 corporate events.
The funding round was led by Lightspeed Venture Partners, an investor that also backed Mistral AI in 2023. This investment comes just a year after Naboo closed a €20 million Series A round. Naboo’s platform utilizes AI to simplify 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 streamlining corporate event organization and execution.
The successful funding round is expected to have a significant impact on Naboo’s growth and development. With the new investment, the company will likely continue to expand its platform and improve its services, potentially leading to increased adoption among large corporations. As Naboo continues to accelerate its ambitions, it will be interesting to see how the company evolves and shapes the future of corporate event planning.
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