Builder.ai raises $250m in Series D funding

25 May 2023 CW Team

Builder.ai, an artificial intelligence (AI)-powered composable software firm, has raised $250m in a Series D funding round. The round was led by Qatar Investment Authority (QIA) and included participation from existing investors Iconiq Capital, Jungle Ventures and Insight Partners.

The funding will be used to fuel the company's growth and innovation, including the development of new AI-powered tools and features. Builder.ai will also use the funds to expand its team and open new offices around the world.

"We are excited to partner with QIA and our other investors to accelerate our growth and mission to empower everyone to build software," said Sachin Dev Duggal, CEO and founder of Builder.ai. "This funding will allow us to continue to invest in our AI-powered platform and make it even easier for businesses to build the software they need to succeed."

Builder.ai's AI-powered platform allows businesses to build software without the need for coding expertise. The platform uses AI to automate tasks such as design, development and testing, which can significantly reduce the time and cost of software development.

The company has seen strong growth in recent years, with revenue growing by 2.3x in the last year. Builder.ai has also expanded its customer base to include businesses of all sizes, from startups to Fortune 500 companies.

"We are confident that Builder.ai is well-positioned for continued growth," said Ahmed Ali Al-Hammadi, CIO for Europe, Türkiye and Russia at QIA. "The company's AI-powered platform has the potential to revolutionize the way software is built, and we are excited to support its growth."

Builder.ai was founded in 2016 and is headquartered in London. The company has offices in the US, UAE, Singapore and France.

Also Read
Noida Metro to Connect Sector 52 with Greater Noida Extension
Raja Bhoj Airport Implements Sustainable Waste Management

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..