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 Transport

17 Sep 2025

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Govt Plans Six-Month Import Relief for E-Bus, Truck Makers

The government is considering a six-month relaxation for electric bus and truck manufacturers, allowing them to import fully assembled motors containing heavy rare earth materials without losing eligibility for incentives under the Rs 109-billion PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) scheme.The relief is expected to benefit companies such as Tata Motors, Ashok Leyland, PMI Electro Mobility, JBM Auto, EKA Mobility, Olectra Greentech, Propel, and IPLT Demo. The exemption will apply provided all other localisation requirements are met.However, officials clari..

Biocon Foundation Builds New School for 250 Students

Biocon Foundation, the Corporate Social Responsibility (CSR) arm of Biocon Group, has initiated the construction of a new building for the Government High School in Kodamballi, Channapatna Taluk, Karnataka. The school currently serves more than 250 children from 23 surrounding villages.The groundbreaking ceremony was conducted by Dr C N Manjunath, Honourable Member of Parliament, Bengaluru Rural Constituency; CP Yogeshwara, MLA, Channapatna Constituency; and Yeshwanth V Gurukar, IAS, Deputy Commissioner and District Magistrate, Bengaluru South. They were joined by Dr Anupama Shetty, Mission Di..