Artificial intelligence company Builder.ai raises $100 million in its recently held funding round led by Insight Partners. Multiple existing and new investors like IFC and Jeffrey Katzenberg’s WndrCo also participated in Builder.ai’s series C funding round.
Builder.ai will use the fresh funds to take steps towards accomplishing its aim of aiding organizations and entrepreneurs in using digital transformation to unleash their creativity and potential.
The company said that it would also utilize the funds to expand its AI and automation capabilities along with accelerating the development of its proprietary low-code/no-code platform.
Co-founder and MD of Insight Partners, Jeff Horing, said, “Builder.ai has spearheaded a new category in the low-code/no-code industry with an innovative business model and clarity of vision, fueling its 300% growth in the last year.”
United Kingdom-based artificial intelligence firm Builder.ai was founded by Sachin Dev Duggal and Saurabh Dhoot in 2016. The company is best known for its AI-powered platform designed to help build and operate software projects.
Without requiring technical experience or any lines of code, the platform and human-assisted AI aid enterprises, small businesses, and entrepreneurs in building, running, and scaling their software.
To date, the company has raised nearly $195 million from multiple investors over three funding rounds. Interested users can visit the official website of Builder.ai to book a free demo of the company’s platform.
Co-founder and Chief Wizard of Builder.ai Sachin Dev Duggal said, “We believe that everyone, every business should be empowered to unlock their human potential, whether it’s creating new ideas or digitally transforming their business, and because of this, our choice of investor for this round was very deliberate.”
He further added that this funding round is for their consumers, for the tinkerers, the folks who never took “no” for an answer, the small firms who said “we shall prevail,” and the entrepreneurs who never blinked.