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London, Doha- May 23, 2023: Builder.ai®, the AI powered composable software platform, designed to be so simple and accessible that everyday businesses and individuals can turn their ideas into software, today announced an investment of over $250 million in a Series D funding. The new investment, led by Qatar Investment Authority (QIA) takes the total amount raised by the company to over $450 million with an up to 1.8x increase in its valuation.
The latest round of capital will fuel the company's continued industry leadership and innovation pipeline allowing further investments in talent, partnerships, and technology; with a bigger focus on using human conversation as the primary user interface for allowing people to build software. The Series D round included participation from additional existing and new investors including Iconiq Capital, Jungle Ventures & Insight Partners .
"QIA is very excited to be partnering with the leader in this space. We are confident that Builder.ai's innovative technology and proven approach positions the company for a future of substantial growth. This investment is aligned with QIA's strategy of supporting innovative companies shaping the future of the global economy" said Ahmed Ali Al-Hammadi, CIO for Europe, Türkiye and Russia at QIA.