Near (company)

Near
Private
Industry Technology
Founded 2012 (2012)
Founder Anil Mathews
Headquarters Singapore
Number of locations
 San Francisco, London, Bangalore, Singapore, Tokyo, Sydney
Area served
 Global
Number of employees
 50-100
Website www.near.co

Near is a privately held location intelligence platform founded in Nov 2012 having direct presence in Australia, Japan, South East Asia, India, Europe, and USA. Near is headquartered in Singapore.

History

Near was founded as AdNear[1] in Bangalore by Anil Mathews, who served as the CEO of the company. Instead of GPS, the platform used data from mobile towers and wifi networks to determine a person’s location, though it later added GPS to the location data as well. The Near platform utilizing this data was launched in November 2012. In 2013, the company moved its headquarters from Bangalore to Singapore.[2][3] The company has received funding from venture capital firms Sequoia Capital,[4] JP Morgan Private Equity Group,[5] Telstra Ventures and Global Brain Corporation.[6] It raised $6.5 million in Series A funding,[1] and the $19 million raised in its 2014 Series B fundraising was the most raised by any company that year.[7][8] In 2015, the company changed its name from AdNear to Near.[9][10]

Platform

As of February 2014, the platform had about 100 million profiled users taken from forty thousand or so mobile apps into which Near has been integrated,[2] by summer 2014 250 million users had been profiled, and by October 500 million had been profiled.[3][11] By the summer of 2015, they had profiled about 700 million users.[12] Platforms users have included seven of the eleven largest automobile companies began using the platform, as well as additional Fortune 100 companies.[3]

References

  1. 1 2 "Tech in Asia - Connecting Asia's startup ecosystem".
  2. 1 2 Aparna Ghosh. "Firms seek to give mobile digital ads more traction". Live Mint.
  3. 1 2 3 "Tech in Asia - Connecting Asia's startup ecosystem".
  4. ↑ "Adnear : Sequoia Capital : India".
  5. ↑ "AdNear raises $6.3M from Sequoia & Canaan Partners".
  6. ↑ "AdNear raises $19M from Telstra Ventures, Global Brain & Existing Partners in Series B".
  7. ↑ Business Standard (20 October 2014). "AdNear raises $19 million".
  8. ↑ "Tech in Asia - Connecting Asia's startup ecosystem".
  9. ↑ "Tech in Asia - Connecting Asia's startup ecosystem".
  10. ↑ "Effective Ad Metrics Sorely Lacking in Singapore; Zeotap Raises Series A for Indian Centre - ExchangeWire.com".
  11. ↑ Jacquelyn Cheok. "S'pore mobile ad startup raises record Series B". The Business Times.
  12. ↑ "1377128683". The Drum.

External links

This article is issued from Wikipedia - version of the Thursday, January 28, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.