Naboo Rebrands and Claims AI Cuts Corporate Event Costs by 12%
Paris start-up Naboo, which handles over $300 million of corporate events annually, is now targeting procurement and finance teams with its enhanced AI-driven platform.
Key Points:
- Naboo assists in booking and managing events for large companies.
- Their AI technology claims to save clients an average of 12% per event.
- The rebrand focuses on serving both event organizers and procurement/finance teams simultaneously.
- AI agents handle supplier searches, client needs assessment, and administrative tasks.
- They also negotiate quotes with suppliers immediately.
Background:
- Naboo secured a $70 million Series B round in February, led by Lightspeed Venture Partners.
- They expanded to New York and now have 180 staff across eight countries.
- Clients include approximately a quarter of the firms on France’s CAC 40 index, as well as Google, Meta, Microsoft, and Siemens.
By Cristian Dina, CRO at The Next Web.