Builder.ai raises $250m in Series D funding
ECONOMY & POLICY

Builder.ai raises $250m in Series D funding

Builder.ai, an artificial intelligence (AI)-powered composable software firm, has raised $250m in a Series D funding round. The round was led by Qatar Investment Authority (QIA) and included participation from existing investors Iconiq Capital, Jungle Ventures and Insight Partners.

The funding will be used to fuel the company's growth and innovation, including the development of new AI-powered tools and features. Builder.ai will also use the funds to expand its team and open new offices around the world.

"We are excited to partner with QIA and our other investors to accelerate our growth and mission to empower everyone to build software," said Sachin Dev Duggal, CEO and founder of Builder.ai. "This funding will allow us to continue to invest in our AI-powered platform and make it even easier for businesses to build the software they need to succeed."

Builder.ai's AI-powered platform allows businesses to build software without the need for coding expertise. The platform uses AI to automate tasks such as design, development and testing, which can significantly reduce the time and cost of software development.

The company has seen strong growth in recent years, with revenue growing by 2.3x in the last year. Builder.ai has also expanded its customer base to include businesses of all sizes, from startups to Fortune 500 companies.

"We are confident that Builder.ai is well-positioned for continued growth," said Ahmed Ali Al-Hammadi, CIO for Europe, Türkiye and Russia at QIA. "The company's AI-powered platform has the potential to revolutionize the way software is built, and we are excited to support its growth."

Builder.ai was founded in 2016 and is headquartered in London. The company has offices in the US, UAE, Singapore and France.

Also Read
Noida Metro to Connect Sector 52 with Greater Noida Extension
Raja Bhoj Airport Implements Sustainable Waste Management

Builder.ai, an artificial intelligence (AI)-powered composable software firm, has raised $250m in a Series D funding round. The round was led by Qatar Investment Authority (QIA) and included participation from existing investors Iconiq Capital, Jungle Ventures and Insight Partners. The funding will be used to fuel the company's growth and innovation, including the development of new AI-powered tools and features. Builder.ai will also use the funds to expand its team and open new offices around the world. We are excited to partner with QIA and our other investors to accelerate our growth and mission to empower everyone to build software, said Sachin Dev Duggal, CEO and founder of Builder.ai. This funding will allow us to continue to invest in our AI-powered platform and make it even easier for businesses to build the software they need to succeed. Builder.ai's AI-powered platform allows businesses to build software without the need for coding expertise. The platform uses AI to automate tasks such as design, development and testing, which can significantly reduce the time and cost of software development. The company has seen strong growth in recent years, with revenue growing by 2.3x in the last year. Builder.ai has also expanded its customer base to include businesses of all sizes, from startups to Fortune 500 companies. We are confident that Builder.ai is well-positioned for continued growth, said Ahmed Ali Al-Hammadi, CIO for Europe, Türkiye and Russia at QIA. The company's AI-powered platform has the potential to revolutionize the way software is built, and we are excited to support its growth. Builder.ai was founded in 2016 and is headquartered in London. The company has offices in the US, UAE, Singapore and France. Also Read Noida Metro to Connect Sector 52 with Greater Noida Extension Raja Bhoj Airport Implements Sustainable Waste Management

Next Story
Infrastructure Urban

bauma Conexpo 2024 is it the largest edition, with 1,000 exhibitors

India's construction equipment industry is experiencing significant growth, fueled by rapid infrastructure development, expanding mining activities, and increasing urbanisation. bauma Conexpo India will bring together leaders, global players and decision-makers from the international trade fair for construction machinery, building material machines, mining machines and construction vehicles under one roof. The exhibition will host its biannual event at the India Expo Centre, Greater Noida  from 11 to 14 December 2024.In 2023, the exhibition attracted 41,108 participants as well as 601 exh..

Next Story
Infrastructure Urban

Our commitment to excellence and innovation drives our success

In India's dynamic industrial landscape, Gmmco, a comprehensive solutions provider across the construction, resources and energy transportation industries, stands as a testament to innovation. As a powerhouse of the CK Birla Group with a legacy spanning over five decades, the company has evolved from a traditional equipment supplier to a full-spectrum solutions provider, prioritising technology, innovation and sustainability. Its distinctive approach includes rental solutions, used equipment options, financing support, rebuilt options and tailored product support solutions, setting new benchma..

Next Story
Infrastructure Urban

Vedanta plans $2 billion investment in Saudi Arabia copper projects

Vedanta announced its plan to invest $2 billion in major copper projects in Saudi Arabia. Vedanta Copper International, a wholly-owned subsidiary of the company, has signed an agreement with Saudi Arabia's Ministry of Investment and Ministry of Industries & Mineral Resources. The agreement outlines the establishment of a greenfield copper smelter and refinery with a capacity of 400 kilo tonnes per annum (KTPA) and a 300 KTPA copper rod project. According to the company, this collaboration aligns with Saudi Arabia's Vision 2030 and aims to invest $2 billion in significant copper projects withi..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000