More Money Comes For AI: Builder.ai Grabs $250M in Series D funding Led By Qatar Investment Authority

Builder.ai, an AI-powered composable software platform, disclosed a new investment of over $250 million in Series D funding.
The latest round of capital will be led by Qatar Investment Authority (QIA) and increase the total raised amount to more than $450 million, with valuation rising by up to around 1.8x.
The investment is expected to boost Builder.ai’s innovation pipeline, technological advancement, talent acquisition and partnerships.
With the recent surge in adoption of AI technology, the company is experiencing all-time record high demand.
To cater to rising demand, Builder.ai has almost doubled its headcount since January 2022 and expanded its U.K. headquarter footprint by adding four new offices across the U.S., the UAE, Singapore, and France.
The Series D round transaction, which includes participation from additional existing and new investors such as Iconiq Capital and Jungle Ventures & Insight Partners, is subject to customary closing conditions.
“Our growth strategy has always been driven by a DNA based on being able to do more with less and this has weaved into our shared vision with our customers around the world as everyone pushes the envelope to do more. It is what attracted our first-round investors in 2018, and what drives this Series D today.” Sachin Dev Duggal, Chief Wizard and Founder.
Apart from this, on May 10, Builder.ai collaborated with Microsoft Corp MSFT to democratize software development.
Also, Builder.ai has previously inked deals with JP Morgan Chase & Co JPM, Etisalat U.A.E, and other technology and financial enterprises.

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