Builder.ai, a London, UK-based provider of an AI powered composable software platform to turn ideas into software, raised $250M in Series D funding.
The round, which brought the total amount to $450M, was led by Qatar Investment Authority (QIA), with participation from additional existing and new investors including Iconiq Capital, Jungle Ventures and Insight Partners. The transaction is subject to customary closing conditions.
The company intends to use the funds to expand its business reach and innovation pipeline further investing in talent, partnerships, and technology.
Established in 2016 and led by Sachin Dev Duggal, Builder.ai is an AI powered composable software platform whose assembly line combines together 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 cheaper and faster than traditional software development.
The company has also furthered its partnership with Microsoft for a holistic global GTM and inclusion in their reseller program, as well as entered into partnerships with JP Morgan & Chase, Etisalat UAE and other technology and financial enterprises.
Builder.ai has almost doubled its headcount since January 2022, and extended its UK HQ footprint with four new offices opened since 2021 – including the USA, the UAE, Singapore, and France.
FinSMEs
24/05/2023