Builder.ai, a London, UK-based provider of an AI-powered low-code/no-code app development platform, raised $100M in Series C funding.
The round, , which brings total funding to $195m across three total rounds, was led by Insight Partners, with participation from IFC & Jeffrey Katzenberg’s WndrCo., and Nikesh Arora.
The company intends to use the funds to invest in AI and automation capabilities, develop its proprietary low-code/no-code platform, scale product development on core systems, including its conversational AI, named “Natasha™”, for improved self-service, and expand global operations.
Established in 2016 by Sachin Dev Duggal, Builder.ai provides an AI-powered low-code/no-code app development platform that allows customers to order apps for every business and entrepreneur. The AI-powered assembly line combines Lego- like reusable features, using Building Blocks automation to reduce human effort, leveraging a verified network of experts to extend development capabilities, and producing apps at almost zero failure rate.
The company, which has 450 employees, provides BUILDER STUDIO, BUILDER CLOUD, BUILDER CARE, BUILDER NOW, BUILDER HIVE, STUDIO STORE and STUDIO RAPID.
FinSMEs
30/03/2022