Near Intelligence Inc.
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Near Intelligence Inc. - overview
Established
2012
Location
Pasadena, CA, US
Primary Industry
Software
About
Near Intelligence Inc. specializes in providing a high-speed protocol tailored for AI-native applications, enabling seamless interactions for users while prioritizing privacy and data integrity. Near Intelligence Inc. operates under the brand name Near and was founded in 2012 in Pasadena, US.
The company focuses on developing technology for AI-driven applications. Anil Mathews serves as the CEO, leading a team that has secured a total of USD 48. 37 mn across multiple funding rounds. Most recently, in December 2023, the company secured USD 100.
00 mn in a VENTURE DEBT round led by Blue Torch Capital, marking a significant step in its funding journey. The latest deal occurred on December 8, 2023, amid the context of financial restructuring as the company filed for Chapter 11 bankruptcy protection. NEAR provides a modular, high-speed protocol specifically designed for AI-native applications. Its core offerings include a robust execution layer that empowers autonomous agents to manage assets and execute transactions across various networks, supporting functionalities like encrypted model execution.
The platform simplifies the user experience by removing the need for traditional wallets and tokens, targeting developers and businesses in the technology and finance sectors globally, particularly in North America, Europe, and parts of Asia. For the most recent year, NEAR reported revenue of USD 18,868,531 with a corresponding EBITDA of USD -1,909,242, reflecting the financial dynamics of its operational strategy focused on AI-driven applications and partnerships. NEAR's future growth strategy is currently under a significant transformation following its recent filing for Chapter 11 bankruptcy protection in December 2023. While specific details about upcoming products or market expansions are not available, the company aims to stabilize its financial position and leverage its recent funding to support restructuring efforts.
As it navigates this process, the focus will likely be on strategic partnerships and refining its offerings to align with market demands.
Current Investors
Greater Pacific Capital, OurCrowd, Kludein
Primary Industry
Software
Sub Industries
Market Research & Consulting, Sales & Marketing Software, Analytics & Performance Software
Website
www.near.com
Verticals
Artificial Intelligence, Cloud Computing
Total Amount Raised
Subscriber access only
Near Intelligence Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bankruptcy/Write-off | Completed | Near Intelligence Inc. | - |
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