Builder.ai secures £200m in Series D funding led by Qatar Investment Authority to expand artificial intelligence capabilities.
The funding round was led by Qatar Investment Authority with participation from Iconiq Capital, Jungle Ventures, and Insight Partners.
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 £200m in Series D funding led by the Qatar Investment Authority. The capital will be deployed towards scaling talent acquisition, expanding technology partnerships, and advancing artificial intelligence capabilities.
The latest raise follows a period of rapid expansion for the software platform, marked by a doubling of headcount and significant revenue growth over the preceding year. Additional participants in the round include Iconiq Capital, Jungle Ventures, and Insight Partners.
The transaction builds upon a series of strategic enterprise partnerships and industry accolades secured by the firm. Legal counsel for the round was provided by Goodwin.
From the founder
"Builder.ai was founded on the promise that everyone should be empowered to unlock their human potential. Today this means being able to build software to be able to do more with less. We are entering an incredible time in history where the very notion of software is changing; from something that had a shelf life of years to what will eventually have a shelf life of a conversation and the volume of what is being created is only going to grow exponentially"
Sachin Duggal
Chief Wizard and Founder at Builder.ai
Investor perspective
"QIA is very excited to be partnering with the leader in this space. We are confident that Builder.ai’s innovative technology and proven approach positions the company for a future of substantial growth. This investment is aligned with QIA’s strategy of supporting innovative companies shaping the future of the global economy"
Ahmed Al-Hammadi
CIO for Europe, Türkiye and Russia, Qatar Investment Authority
Use of funds
- 01Grow the team
- 02Fund research and development
- 03Accelerate go-to-market
Investors
Categories
About the company
Builder.ai
Builder.ai provides an artificial intelligence platform for low-code and no-code software development.