Friday, March 24, 2023

Near Intelligence Goes Public Via SPAC

Pasadena-based Near Intelligence, a provider of location-based intelligence and data, has gone public via a Special Purpose Acquisition Company (SPAC). Near said it is now trading on the Nasdaq as NIR. The SPAC acquisition came via KludeIn I Acquisition Corp. Near is led by founder and CEO Anil Mathews. The move to the public markets by Near via SPAC appears to be the first for a Southern California technology company in the last year.