The AI-based platform Builder.ai, which aims to make software development as easy as ordering pizza, has raised over $250 million in a Series D funding round led by the Qatar Investment Authority.



This investment brings the company's total funding to over $450 million and its valuation is set to increase by up to 1.8 times. Builder.ai uses AI to simplify the development process for both businesses and individuals, and the latest funding will be used to enhance its position as an industry innovator by promoting talent acquisition, technology advancement, and strategic partnerships.

Builder.ai is also focusing on the development of human conversation as a primary user interface, which would be an unprecedented shift from traditional no-code/low-code expert-dependent systems. Demand for the service is at an all-time high and the company has expanded its team significantly since January 2022 and added four new offices around the world. The funding round was supported by new investors Insight Partners, Jungle Ventures, and Iconiq Capital.

Since Builder.ai was founded in 2016, its AI-driven composable software platform has helped anyone turn their ideas into applications quickly and affordably. Its unique strategy of breaking software into reusable components, backed by a network of expert designers and developers, has been critical to its success.
\
The company has also forged significant partnerships with global giants like Microsoft, JP Morgan & Chase, and Etisalat UAE, bolstering its position within the tech ecosystem. Additionally, the company has won several accolades, including spots on the 2023 Fast Company list of Most Innovative Companies and the 2022 Europa's 'Scale Up of the Year.'

The funding round was led by Lakestar, a global venture capital firm, with participation from several other investors. Builder.ai plans to utilize the funding to further develop its AI-powered platform and expand its reach in the market.

The platform leverages AI algorithms to analyze requirements and automatically generate code, allowing businesses to bring their software ideas to life quickly and cost-effectively. With Builder.ai, companies can create a wide range of applications, including mobile apps, e-commerce websites, and enterprise software.

The platform's AI capabilities also enable predictive modeling, which helps businesses make data-driven decisions about features, user experience, and performance. By leveraging AI, Builder.ai aims to streamline the software development process and empower businesses of all sizes to innovate and stay competitive in the digital landscape.

1. Builder.ai was founded in 2016 by Sachin Dev Duggal, who wanted to make software development accessible to a wider audience.
2. The company uses its AI-powered platform, called Studio, to automate the software development process from ideation to deployment.
3. Studio is designed to be user-friendly and requires no coding skills. Users can simply drag and drop pre-built features and select options to customize their software.
4. Builder.ai has a vast library of pre-coded features, known as "microservices," which can be combined to create unique applications.
5. The funding round of over $250M was one of the largest in the no-code/low-code software development space.
6. The investment will be used to enhance the capabilities of Builder.ai's platform, expand its global presence, and invest in research and development.
7. The company aims to serve a wide range of industries and has already attracted clients from sectors such as healthcare, e-commerce, and education.
8. Builder.ai has previously raised capital from well-known investors, including SoftBank's Vision Fund, which participated in a previous funding round.
9. The company has experienced significant growth since its inception and has offices in the United States, India, and the United Kingdom.
10. Builder.ai's vision is to democratize software development and empower businesses and individuals to bring their ideas to life without the need for extensive technical resources.

details about Builder.ai and its funding round:

1. Builder.ai follows a "pay-as-you-go" model, which gives businesses the flexibility to scale their software development efforts based on their needs.
2. The AI algorithms used by Builder.ai analyze user requirements and generate cost and time estimates for software development projects.
3. The company claims that its platform can reduce development time by up to 80% and cut costs by up to 60% compared to traditional software development methods.
4. Builder.ai offers additional services such as app maintenance, performance monitoring, security updates, and cloud hosting.
5. The recent funding round was a combination of equity and debt financing. It included $200M in equity funding and $50M in debt financing.
6. The funds raised will be used to enhance the AI capabilities of Builder.ai's platform, expand its partner network, and invest in marketing and sales efforts.
7. Builder.ai has attracted clients from around the world, including small businesses, startups, and large enterprises.
8. The company has received recognition in the industry, including being named a "Cool Vendor" by Gartner in their 2020 report on no-code application development platforms.
9. Builder.ai aims to empower businesses to innovate and transform their digital presence without the barriers typically associated with software development.
10. With its AI-powered platform and recent funding, Builder.ai is well-positioned to continue driving industry innovation and disrupting the traditional software development model.

While the company's AI-driven platform has shown promise, it's unclear whether it can truly democratize software development. The emphasis on human conversation as a primary user interface raises concerns about the potential for miscommunication and errors.
Moreover, the company's valuation increase of up to 1.8 times seems overly optimistic, given the competitive landscape of the industry.