The new investment, led by Qatar Investment Authority (QIA), brings the total amount raised by the company to more than $450 million with an up to 1.8x valuation.
The latest round of capital will fuel the company’s continued leadership and innovation pipeline, enabling further investment in talent, partnerships and technology; with a greater focus on using human conversation as the primary user interface that allows people to build software rather than the expert-laden white-canvas systems we’re used to seeing in the no-code/low-code space. With customer demand at an all-time high and AI advancing every day, the company has nearly doubled its workforce since January 2022 and expanded its UK footprint with four new offices opened since 2021 – including the US, UAE, Singapore, and France.
Continued investor support – combined with strategic partnerships, customer tailwinds and industry-acclaimed innovation – contributed to the company’s momentum with 2.3x revenue growth and more than 40,000 customer features deployed in the past year.
The Series D round included participation from additional existing and new investors, including Iconiq Capital, Jungle Ventures & Insight Partners.
“Builder.ai was founded with the promise of empowering everyone to unlock their human potential. Today, this means being able to build software to do more with less. We are entering an incredible time in history where the 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 made will only grow exponentially,” said Sachin Dev Duggal, Chief Wizard and Founder of Builder.ai.
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