Builder.ai has announced a $100 million Series C funding round led by Insight Partners, a global venture capital and private equity firm based in New York. The round brings the company’s total funding to $195 million over three rounds, with participation from existing investors as well as new individual and institutional names such as the IFC, Jeffrey Katzenberg’s WndrCo, and Nikesh Arora.Series insight partnersbutchertechcrunch.
Builder.ai, founded in 2016, is a leading AI-powered low-code/no-code app development platform that builds software and apps up to 6x faster and 70% cheaper than traditional human teams, with no need for users to speak tech. Within the last year, Builder.ai has increased its revenue by over 300% and deployed over 40,000 features to satisfied customers. The recent funding will help Builder.ai maintain its focus on assisting organizations and entrepreneurs in unlocking their creativity and potential through digital transformation. Builder.ai will use the funds to invest in AI and automation capabilities, rapidly develop its proprietary low-code/no-code platform, scale product development on core systems, including its “Natasha” conversational AI for improved self-service, and expand global operations. 100m insight 150mlundentechcrunch. deepdotweb coadmin sentenced years prison
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Sachin Dev Duggal, Chief Wizard & Co-Founder of Builder.ai, commented on the new round: “We believe that everyone and every business should be empowered to unlock their human potential, whether it’s creating new ideas or digitally transforming their business, and as a result, our choice of investor for this round was very deliberate; we wanted someone with deep insight and immense courage to allow us to think and act differently. This left us with only one option: Jeff Horing and Insight Partners. This is a round for our customers, all the tinkerers, the people who never took “no” for an answer, the small businesses who said “we shall prevail,” and the entrepreneurs who never blinked for a second.” 112m series insight partnersbutchertechcrunch.
Builder.ai is a low-code/no-code app development platform powered by AI that allows customers to order apps for any business or entrepreneur. The AI-powered assembly line fuses together reusable Lego-like features, using Building BlocksTM automation to reduce human effort, leveraging a verified network of experts to vastly extend development capabilities, and producing apps with nearly zero failure rate that are thousands of times cheaper and faster than traditional software development. Builder.ai is headquartered in London, supported by employees and hubs in Delhi NCR, Singapore, Los Angeles, Salt Lake City and Dubai.
About Insight Partners Insight Partners is a global software investor that works with high-growth technology, software, and Internet startups and ScaleUps that are transforming their industries. The closing of the firm’s most recent fundraise, Fund XII, on February 24, 2022, brings Insight Partners’ regulatory assets under management to more than $90 billion. Insight Partners has invested in over 600 companies worldwide and has seen over 55 of its portfolio companies go public. Insight is headquartered in New York City, with offices in London, Tel Aviv, and Palo Alto. The mission of Insight is to find, fund, and successfully work with visionary executives by providing them with practical, hands-on software expertise to foster long-term success.