AI-focussed startup Builder.ai raised $250 million in Series D led by Qatar Investment Authority (QIA)

Share via:

London-headquartered artificial intelligence-focussed startup Builder.ai raised $250 million in Series D led by Qatar Investment Authority (QIA) where Iconiq Capital, Jungle Ventures, and Insight Partners, among others also participated.

Builder.ai stated that the funds will be used to acquire new talent, establish collaborations, and develop technologies. The startup also claimed that it had more than doubled its headcount since January 2022 and expanded its footprint, with four new offices opening since 2021 in the United States, the United Arab Emirates, Singapore, and France.

Builder.ai just received funding from Microsoft, the world’s largest technology company. Builder.ai said earlier this month that it will cooperate with Microsoft to develop AI-powered solutions that will enable enterprises to construct applications. Aside from that, the startup has worked with JP Morgan & Chase and Etisalat UAE.

Builder.ai provides a platform for entrepreneurs to use AI to build apps with little to no coding skills. According to the business, its platform can produce software and apps up to 6X faster and 70% cheaper than ‘conventional’ human teams.

AI-focused firms have long attracted investors, but the increasing popularity and use cases of AI has boosted the money raised by these startups. The success of Microsoft-backed ChatGPT and Google’s Bard has emphasised the significance of AI.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

AI-focussed startup Builder.ai raised $250 million in Series D led by Qatar Investment Authority (QIA)

London-headquartered artificial intelligence-focussed startup Builder.ai raised $250 million in Series D led by Qatar Investment Authority (QIA) where Iconiq Capital, Jungle Ventures, and Insight Partners, among others also participated.

Builder.ai stated that the funds will be used to acquire new talent, establish collaborations, and develop technologies. The startup also claimed that it had more than doubled its headcount since January 2022 and expanded its footprint, with four new offices opening since 2021 in the United States, the United Arab Emirates, Singapore, and France.

Builder.ai just received funding from Microsoft, the world’s largest technology company. Builder.ai said earlier this month that it will cooperate with Microsoft to develop AI-powered solutions that will enable enterprises to construct applications. Aside from that, the startup has worked with JP Morgan & Chase and Etisalat UAE.

Builder.ai provides a platform for entrepreneurs to use AI to build apps with little to no coding skills. According to the business, its platform can produce software and apps up to 6X faster and 70% cheaper than ‘conventional’ human teams.

AI-focused firms have long attracted investors, but the increasing popularity and use cases of AI has boosted the money raised by these startups. The success of Microsoft-backed ChatGPT and Google’s Bard has emphasised the significance of AI.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Algorand causes a stir with new ad bashing Bitcoin,...

The Algorand Foundation’s latest ad takes a swipe...

Rustom Kerawalla’s VIBGYOR group of schools students shine bright...

New Delhi (India), May 23: The result season...

EmergeTech Multicity Roadshow 2024 – Mumbai Chapter: A Resounding...

EmergeTech 2024 Highlights: The event kicked off with a...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!