Builder.ai, a London, UK-based leading AI-powered low-code/no-code app development platform, announced $100 million in Series C funding, bringing the company's total funding to $195 million across three total rounds.
The round was led by Insight Partners, with participation from existing investors in combination with new individual and institutional names that include the IFC & Jeffrey Katzenberg's WndrCo.
The recent raise will support Builder.ai's continued focus on helping organizations and entrepreneurs unlock their creativity and potential with digital transformation.
Builder.ai will invest the capital in AI and automation capabilities, rapidly develop its proprietary low-code/no-code platform, scale product development on core systems, including its conversational AI, named "Natasha™".
Company: Engineer.ai Global Limited
Raised: $100.0M
Round: Series C
Funding Month: March 2022
Lead Investors: Insight Partners
Additional Investors: IFC & Jeffrey Katzenberg's WndrCo
Company Website: https://www.builder.ai/
Software Category: AI-powered low-code/no-code app development platform
About the Company: Led by serial entrepreneur Sachin Dev Duggal, Builder.ai® is an AI-powered low-code/no-code app development platform that allows customers to order apps for every business and entrepreneur. Builder.ai is reshaping how software is built and operated with a suite of products and services, including BUILDER STUDIO, BUILDER CLOUD, BUILDER CARE, BUILDER NOW, BUILDER HIVE, STUDIO STORE, and STUDIO RAPID. In 2021, Builder.ai was awarded 'Hottest AI Startup' at the Europas for Europe's successful tech start-ups and made the 'Inc 5,000 list of Fastest Growing Companies in America', and awarded 'Visionary' in the 2021 Gartner® Magic Quadrant™ for Multi-experience Development Platforms. Builder.ai is headquartered in London, supported by employees and hubs in Delhi NCR, Singapore, Los Angeles, Salt Lake City, and Dubai.
Source: https://www.prnewswire.com/news-releases/builderai-raises-100m-series-c-funding-led-by-global-software-investor-insight-partners-301513079.html