Total amount raised
$445 Millions
Latest funding date
Location
Builder.ai has successfully raised significant funding over multiple rounds, attracting notable investors such as ICONIQ Capital and Insight Partners. The platform offers a no-code AI-powered app development solution designed to help enterprises, small businesses, and entrepreneurs build, run, and scale their software projects without requiring technical expertise.
Keep reading to explore the intricacies of Builder.ai's fundraising journey and the investors backing this innovative platform.
What Is Builder.ai?
Founded in 2016 by Sachin Dev Duggal and Saurabh Dhoot, Builder.ai is headquartered in London, England. The company specializes in no-code AI-powered app development, enabling businesses to build, run, and scale software projects without technical expertise. With a workforce of 501-1000 employees, Builder.ai offers a range of products including Builder Studio, Builder Now, Studio Store, Builder Enterprise, and Builder Cloud.
How Much Funding Has Builder.ai Raised?
- Series A
- Amount Raised: $29.5M
- Date: November 2018
- Lead Investors: Jungle Ventures, Lakestar
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's market presence and accelerate product development.
- Series B
- Amount Raised: $65.5M
- Date: May 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series B
- Amount Raised: Not publicly disclosed
- Date: June 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and development initiatives.
- Series C
- Amount Raised: $100M
- Date: March 2022
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel international expansion and further develop AI capabilities.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: May 2023
- Lead Investors: Microsoft
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen strategic partnerships and integrate AI solutions.
- Series D
- Amount Raised: $250M
- Date: May 2023
- Lead Investors: Qatar Investment Authority
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance industry leadership and invest in innovation.
Total Amount Raised: $445M
Current Valuation: Not publicly disclosed
Key Investors
- Qatar Investment Authority (QIA)
- Details: QIA is the sovereign wealth fund of the State of Qatar, specializing in both domestic and foreign investments. It aims to diversify the economy and generate long-term financial returns.
- Investment Focus Areas: Real estate, technology, infrastructure, financial services.
- Notable Investments: Volkswagen, Barclays, Rosneft.
- ICONIQ Capital
- Details: ICONIQ Capital is a private investment firm and multi-family office that manages the wealth of high-net-worth individuals and families. It is known for its strategic investments in technology companies.
- Investment Focus Areas: Technology, financial services, consumer sectors.
- Notable Investments: Uber, Airbnb, Snowflake.
- Insight Partners
- Details: Insight Partners is a global venture capital and private equity firm that invests in high-growth technology and software companies. It provides both capital and strategic support to its portfolio companies.
- Investment Focus Areas: Software, internet, data services.
- Notable Investments: Twitter, Shopify, DocuSign.
- Jungle Ventures
- Details: Jungle Ventures is a venture capital firm that invests in early to growth-stage technology companies in Southeast Asia and India. It focuses on companies with innovative solutions and strong growth potential.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: Kredivo, Livspace, Moglix.
- Microsoft
- Details: Microsoft is a global technology company known for its software products, including the Windows operating system and Office suite. It also offers cloud computing services through Azure.
- Investment Focus Areas: Cloud computing, artificial intelligence, enterprise software.
- Notable Investments: OpenAI, LinkedIn, GitHub.
What's Next for Builder.ai?
Builder.ai stands at the cusp of a transformative journey, buoyed by a $250 million Series D funding round led by the Qatar Investment Authority. The company is poised to capitalize on the burgeoning demand for AI-powered, no-code software solutions. With a focus on leveraging human conversation as the primary user interface, Builder.ai aims to simplify app development, making it accessible to a broader audience. The expansion into new markets, including the U.S., UAE, Singapore, and France, underscores the vast opportunities available for growth and innovation.
Future fundraising appears promising, given the company's impressive 2.3x revenue growth and strategic partnerships with industry giants like Microsoft and JP Morgan & Chase. These collaborations not only enhance Builder.ai's technological capabilities but also open doors for further investment rounds. However, the path ahead is not without challenges. The company must navigate the complexities of rapid growth, manage global operations, and stay ahead in the competitive no-code/low-code space. Ensuring the seamless integration of AI and maintaining a high valuation will be critical as Builder.ai continues to scale.
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