# Builder.ai

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/builder-ai

- Industry: Software
- Headquarters: London, UK
- Website: www.builder.ai
- Total disclosed funding: $380M
- Latest round: Series D (May 23, 2023)
- Investors on record: 9

## About

Based in London, UK, and founded in 2012 by CEO Sachin Dev Duggal, Engineer.ai Global Limited, d.b.a. Builder.ai is a software company that develops a no-code AI-powered app development platform designed to build and operate software projects to help clients build software, applications, and websites. In May 2023, Builder.ai raised USD 250 million in a Series D funding led by the Qatar Investment Authority, with participation from Insight Partners, Jungle Ventures, ICONIQ Capital, and Tapestry Venture Capital.

The company mainly provides four products, which are Builder Studio, Builder One, Builder Cloud, and Studio Rapid. Builder Studio lets the client build any type of software, including mobile apps, websites, and wearables. Builder One functions as aftercare warranty software that updates and monitors any bugs or anomalies. Builder Cloud serves as a money-saving cloud service for businesses. Studio Rapid allows users to launch enterprise-grade applications with features such as workflow applications, employee onboarding, business intelligence dashboards, salesforce management, and much more.

Builder.ai generates revenue from the subscription of its software packages, which include pre-packaged apps (USD 200), custom apps (pay per feature), enterprise apps (pay per feature), starter plan (USD 100 x 24 months), premium plan (USD 225 x 24 months), builder cloud (price based on usage), and studio one.

The company plans to use its proceeds from May 2023 funding to invest in talent, partnerships, and technology, with a bigger focus on using human conversation as the primary user interface for allowing people to build software.

## Funding rounds

- Series D, May 23, 2023, $250M — Insight Partners, Qatar Investment Authority, Jungle Ventures, ICONIQ Capital, Tapestry Venture Capital
- Series C, Mar 30, 2022, $100M — Insight Partners, IFC Asset Management Company, Jungle Ventures, WndrCo
- Series A, Nov 6, 2018, $30M — Jungle Ventures, Lakestar, Deepcore

## Investors

- Jungle Ventures (https://capitalatlas.ai/funds/jungle-ventures) — Series A, Series C, Series D
- Lakestar (https://capitalatlas.ai/funds/lakestar) — Series A
- Deepcore (https://capitalatlas.ai/funds/deepcore) — Series A
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series C, Series D
- IFC Asset Management Company (https://capitalatlas.ai/funds/ifc-asset-management-company) — Series C
- WndrCo (https://capitalatlas.ai/funds/wndrco) — Series C
- Qatar Investment Authority (https://capitalatlas.ai/funds/qatar-investment-authority) — Series D
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Series D
- Tapestry Venture Capital (https://capitalatlas.ai/funds/tapestry-venture-capital) — Series D