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Builder.ai Raises $100 Million in Series C Round

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Builder.ai Raises $100 Million in Series C Round
01 Apr 2022
4 min read

News Synopsis

Builder.ai has raised $100 million in a Series C funding round led by Insight Partners, taking the total funding of the company to $195 million across three rounds in all. 

Builder.ai was established in 2016 and builds software and apps up to 6x faster and up to 70% cheaper than traditional human teams. The company has increased its revenue by more than 300% and deployed more than 40,000 features to happy customers within the last year. 

It plans to use the raised funds to support its continued focus on helping organisations and entrepreneurs unlock their creativity and potential with digital transformation. It is also planning to invest in AI and automation capabilities.

Builder.ai will remain focused on pushing the boundaries - both technically and commercially. This includes code synthesis based on the knowledge graph or extends to cities in the continental USA, Asia Pacific, MENA, and the UK.

Guggenheim Securities LLC acted as the exclusive advisor and Goodwin Procter LLP acted as legal advisor to Builder.ai, while Wilkie Farr Gallagher LLP acted as legal advisor to Insight Partners.