Builder.ai raises $100m in a Series C round led by Insight Partners to scale its application development platform.
The Series C financing was led by Insight Partners with participation from the International Finance Corporation and WndrCo.
≈ £76.1M at $1 = £0.7612 on 30 Mar 2022
Builder.ai operates a low-code and no-code application development platform powered by artificial intelligence. The London-headquartered firm allows individuals and enterprises to build software without traditional coding.
Builder.ai has secured $100m in a Series C funding round led by Insight Partners. The investment also drew participation from the International Finance Corporation and WndrCo, alongside existing backers.
The capital will be directed towards enhancing the firm's artificial intelligence and automation capabilities, including its conversational assistant Natasha. Furthermore, the company intends to scale product development and expand its geographic footprint across the United States and the United Kingdom.
Investor perspective
"I’ve been speaking with Sachin from the early days of Builder.ai and have witnessed how he and the team have built something very special. By truly democratizing access to complex software, Builder.ai is set to disrupt the core of how applications are built,"
Jeff Horing
Co-Founder and Managing Director, Insight Partners
Use of funds
- 01Continue product development
- 02Fund research and development
- 03Expand into international markets
Investors
Categories
About the company
Builder.ai
Builder.ai provides an artificial intelligence platform for low-code and no-code software development.