With a focus on providing IoE platform solutions, NextDrive announces the successful closing of its $10m USD Series B1 equity fund raising round as of 3/17. This fund raising round was co-led by Arm IoT Fund, an early-stage VC sponsored by Arm – world leading semiconductor intellectual property (IP) supplier for digital electronic products, and the Alibaba Entrepreneurial Fund, managed and co-invested by WI Harper, a San Francisco based VC.