How Much Did Builderai Raise? Headquarters, Funding & Key Investors

Builder.ai has raised a total of $445 million across multiple funding rounds, with its largest being a $250 million Series D round in May 2023. The London-based company specializes in no-code, AI-powered app development, enabling enterprises, small businesses, and entrepreneurs to build, run, and scale software projects without requiring technical expertise.

Keep reading to explore Builder.ai's funding journey, key investors, and what's next for this innovative platform.

What Is Builder.ai and What Does It Do?

Founded in 2016 by Sachin Dev Duggal and Saurabh Dhoot, Builder.ai is headquartered in London, England, United Kingdom. The company specializes in providing a no-code, AI-powered app development platform that enables businesses to build, run, and scale software projects without requiring 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?

1. Series A
   • Amount Raised: $29.5 million
   • Date: November 2018
   • Lead Investors: Lakestar, Jungle Ventures
   • Motivation: To expand the company's market presence and accelerate product development.
2. Series B
   • Amount Raised: $65 million
   • Date: May 2021
   • Motivation: To scale operations and enhance the platform's capabilities.
3. Series C
   • Amount Raised: $100 million
   • Date: March 2022
   • Lead Investors: Insight Partners
   • Motivation: To fuel international expansion and further develop AI capabilities.
4. Series D
   • Amount Raised: $250 million
   • Date: May 2023
   • Lead Investors: Qatar Investment Authority
   • Motivation: To enhance industry leadership and invest in innovation.

Total Funding Raised: $445 million

Latest Funding Date: May 2023

Key Investors

1. 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, and financial services.
   • Notable Investments: Volkswagen, Barclays, Rosneft.
2. 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.
3. 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.
4. 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, and Moglix.
5. 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.

Where Is Builder.ai's Headquarters?

Builder.ai is headquartered in London, England, United Kingdom, providing access to top AI talent, research institutions, and enterprise partners.

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 2.3 times revenue growth and strategic partnerships with industry giants such as Microsoft and J.P. 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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