Builder.ai announces $250mln ‘Series D’ funding led by Qatar Investment Authority

Builder.ai announces $250mln ‘Series D’ funding led by Qatar Investment Authority

Builder.ai, the AI-powered composable software platform, has announced an investment of over $250mn in a Series D funding led by the Qatar Investment Authority (QIA).

The new funding takes the total amount raised by the company to over $450mn with an up to 1.8 times increase in its valuation.

The latest round of capital will fuel the company’s continued industry leadership and innovation pipeline allowing further investments in talent, partnerships, and technology; with a bigger focus on using human conversation as the primary user interface for allowing people to build software rather than the expert-laden white-canvas systems we are 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 almost doubled its headcount since January 2022, and extended its UK HQ footprint with four new offices opened since 2021 – including the USA, the UAE, Singapore, and France.

Continued investor support – combined with strategic partnerships, customer tailwinds and acclaimed industry innovation – helped drive the company’s momentum with 2.3 times revenue growth and over 40,000 features deployed to customers within the last year.

The Series D round included participation from additional existing and new investors including Iconiq Capital, Jungle Ventures & Insight