Naboo, a Paris-headquartered company, has raised $70 million in a Series B funding round led by Lightspeed Venture Partners.

The investment aims to support Naboo’s goal of becoming the primary operating layer for large companies to plan, book, and manage corporate events.

Naboo’s platform utilizes AI to facilitate corporate event planning, covering aspects such as venue booking, travel arrangements, supplier coordination, and budget control.

This funding round comes a year after Naboo’s €20 million Series A round, and will help the company, founded in 2022, further develop its procurement platform for corporate events.

Paris-headquartered Naboo has raised $70 million in a Series B funding round, as the company aims to become the primary operating layer for large corporations to plan, book, and manage corporate events.

Naboo positions itself as an AI-powered procurement platform, providing a comprehensive solution for corporate events, including venue booking, travel arrangements, supplier coordination, and budget control. The funding round, led by Lightspeed Venture Partners, comes just a year after Naboo closed a €20 million Series A round. Founded in 2022, Naboo has established itself as a key player in simplifying the organization and execution of corporate events, with a focus on streamlining the booking process and related logistics.

The successful funding round is expected to propel Naboo forward in its mission to transform the corporate events planning landscape. With the new investment, the company is poised to further accelerate its growth and expand its offerings, solidifying its position as a leading AI-powered procurement platform for corporate events. As Naboo continues to evolve and improve its services, it is likely to have a significant impact on the corporate events industry, making it easier for large companies to plan and manage their events efficiently.