NeoGeo raised $20 million in a Series A co-led by Neev II Fund and Aavishkaar Capital, with no other investors named and no valuation disclosed.
The capital is earmarked for R&D, product development and expansion into the Middle East and the Americas.
It is a more than tenfold jump on NeoGeo's only prior round, a roughly $1.55 million seed in December 2024.
Traction figures of 200+ projects and 5+ lakh sq km mapped are company-stated, and the core bet, turning a project-based integration business into recurring platform revenue, is not yet evidenced.
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