Modular App Building Platform Builder.ai Raises $250M in Series D Funding

Image credit: Klaus Wedfeldt/Getty Images

We recently reported that Builder.ai has entered into a strategic partnership and private investment with Microsoft. Builder’s “Natasha” AI will be coming to Teams users soon. But the startup appears to be doing well.

Today, the company announced a $250 million Series D funding led by the Qatar Investment Authority (QIA). The Series D round included participation from additional existing and new investors, including Iconiq Capital, Jungle Ventures & Insight Partners.

So Builder.ai now claims to have raised over $450 million in total, growing revenue 2.3x.

Going forward, the company will focus on embracing human conversations to help people build apps on its platform, rather than the “white canvas system full of experts” that is common in the no-code/low-code space. said to put.

The company currently has offices in the UK, US, UAE, Singapore and France.

Founder and CEO Sachin Dev Dougal said in a statement: From having a shelf life of several years to eventually having a shelf life of conversations, the amount of creation is increasing exponentially. ”

“We are confident that Builder.ai’s innovative technology and proven approach will enable the company to achieve significant growth in the future. It is in line with QIA’s strategy of helping businesses,” added Ahmed Ali Al-Hammadi, CIO of QIA Europe.

Founded in 2016, Builder.ai provides both small and large businesses the ability to modularly build web or native mobile apps. We partner with JP Morgan & Chase, Etisalat UAE and other technology and financial companies. The company was named to Fast Company’s Most Innovative Companies list for 2023 and was awarded Europas’ Scale Up of the Year for 2022.