- Companies
- Builder.ai
Builder.ai Valuation, Funding & Investors
Builder.ai is not operational anymore. Its last reported valuation was $1.6B as of May 2023.
Last Builder.ai valuation
$1.6B
Series D · May 2023
Last Builder.ai funding round
$250M
Series D · May 2023
Cumulative funding Builder.ai raised
$445M
across 5 funding rounds
Key investors in Builder.ai
Jungle Ventures
Revo Capital
Tapestry VC
Insight Partners
Blue Lion
International Finance Corporation
About Builder.ai
Builder.ai was a software company, formerly known as Engineer.ai, that offered a platform for assembling custom apps and websites from reusable components. Customers described a project, a virtual assistant named Natasha scoped it, and a managed network of designers and developers completed the build. It sold to enterprises, small businesses and entrepreneurs, with products such as Builder Studio, Builder Cloud and Builder Now. The company earned revenue from project-based services and subscriptions to its platform. Builder.ai was founded in 2016 by Sachin Dev Duggal and was headquartered in London, with offices in the United States, the United Arab Emirates, Singapore, France and India. It had partnerships with Microsoft and collapsed into insolvency in 2025.
Founded
2016
HQ
Website
Status
Closed
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.6B (May 2023)
Builder.ai Valuation
Builder.ai is insolvent and not operational anymore. Read the announcement ↗
Builder.ai was last valued at $1.6B, based on its Series D in May 2023. Read the announcement ↗
The $250M round was led by Qatar Investment Authority, with participation from Epiq Capital, Blue Lion, ICONIQ Capital, Insight Partners, Jungle Ventures and 3 other investors.
Builder.ai valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2025 | Write-down · Insolvency | $0 |
| May 2023 | Series D | $1.6B |
Builder.ai Funding History
Before winding down, Builder.ai has raised a total of $445M across 5 funding rounds.
Builder.ai's first fundraising round was a $30M Series A in November 2018. The most recent completed round was a $250M Series D in May 2023.
Builder.ai funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2023 | Series D | Qatar Investment Authority (lead); Epiq Capital; Blue Lion; ICONIQ Capital; Insight Partners; Jungle Ventures; Tapestry VC; Revo Capital; KSV Global | $250M | $1.6B | Builder.ai, founded in 2016 by Sachin Dev Duggal, is a London-based AI-powered composable software platform that enables non-technical users to build web or mobile apps through modular components and human-assisted AI, positioning itself against traditional no-code/low-code tools by emphasizing conversational interfaces. The company offers products like Builder Studio, Builder Cloud, Builder Now, Studio Store, and Studio Rapid, with offices in the UK, US, UAE, Singapore, France, and India. It has partnerships with Microsoft (including integration into Teams and Azure), JP Morgan & Chase, Etisalat UAE, and others, and was named in Fast Company's 2023 Most Innovative Companies list and 2022 Europas Scale Up of the Year. In May 2023, Builder.ai raised over $250 million in a Series D round led by Qatar Investment Authority (QIA), with participation from Iconiq Capital, Jungle Ventures, Insight Partners, and others including Blue Lion, Employee Stock Option Fund, Epiq Capital, KSV Global, Revo Capital, and Tapestry VC, bringing total funding to over $450 million. Funds were allocated to innovation, talent acquisition, technology development, and partnerships to solidify its leadership in AI-driven software development. The company highlighted strong momentum with 2.3x revenue growth and over 40,000 features deployed to customers in the prior year, amid a strategic pivot to human conversation-based app building. Investors like QIA viewed it as supporting innovative global economy shapers, while existing backers such as Jungle Ventures praised its resilience in tough markets. Post-round developments included a Microsoft strategic investment and reseller program inclusion just prior. However, later reports noted challenges with optimistic revenue forecasts and rising costs, contributing to eventual financial difficulties and insolvency filing, though these post-date the 2023 round. |
| May 2023 | Undisclosed stage | Microsoft | - | - | Microsoft took an undisclosed equity stake in Builder.ai, the London-headquartered app-building platform, in a strategic investment reported on 11 May 2023, two weeks before the company's USD 250 million Series D. Neither the amount nor the size of the stake was disclosed. The investment came with a deeper commercial collaboration: Builder.ai's Natasha AI assistant was to be added to the Microsoft Teams store and the platform would integrate Microsoft's cloud and Azure AI services. Microsoft's corporate vice president of business development said Builder.ai was creating a new category that lets everyone become a developer. Builder.ai founder Sachin Dev Duggal said the collaboration showed how customers adopting the platform also consume more cloud marketplace solutions. Builder.ai was founded in 2016 and later entered insolvency in 2025. |
| Mar 2022 | Series C | Insight Partners (lead); Blue Lion; WndrCo; Nikesh Arora; International Finance Corporation; Jungle Ventures; Tapestry VC; Revo Capital | $100M | - | Builder.ai, an AI-powered composable software platform (formerly Engineer.ai), enables non-technical users to build apps via low-code/no-code tools, emphasizing automation features like the 'Natasha' conversational AI bot. The March 2022 Series C round raised $100 million led by Insight Partners, with participation from IFC, WndrCo (Jeffrey Katzenberg), Nikesh Arora, and existing investors including Jungle Ventures, bringing total funding to $195 million. Funds were allocated to scale AI and automation capabilities, international expansion, and platform enhancements. The company reported strong growth traction, including a 230% monthly revenue increase from pandemic start to early 2021 and over 300% revenue growth in the prior year, aligning with no-code/low-code market trends. Builder.ai positioned itself as a disruptor by democratizing software development, assembling tools to automate app building, and targeting businesses shifting online. Investors highlighted its innovative model and vision, with Insight Partners' Jeff Horing noting its potential to transform application development. Post-Series C, Builder.ai continued momentum, securing a $250 million Series D in May 2023 led by Qatar Investment Authority (valuing it at up to 1.8x prior, reaching $1.3-1.5 billion), with 2.3x revenue growth and partnerships like Microsoft, JP Morgan, and Etisalat. However, later challenges emerged, including October 2024 debt financing amid overstated $220M revenue projections, leading to insolvency filing in May 2025 with cash reserves near $7M. |
| May 2021 | Series B | Revo Capital | $66M | - | Builder.ai is a London-based company founded in 2012 that provides an AI-powered no-code platform for building custom apps and in-app ecommerce experiences across industries like financial services, retail, education, and automotive. The platform, including Builder Studio, enables enterprises, small businesses, and entrepreneurs to develop, run, and scale software without technical expertise. Revo Capital, Turkey's largest VC firm, participated in Builder.ai's Series B round of $65 million announced in May 2021, aimed at scaling operations and enhancing platform capabilities. This followed a $29.5 million Series A in November 2018 led by Lakestar and Jungle Ventures. Subsequent rounds included $100 million Series C in March 2022 led by Insight Partners for international expansion and AI development, and a $250 million Series D in May 2023 led by Qatar Investment Authority, bringing total funding to around $430-445 million. Revo Capital, which also backed unicorns like Getir, focuses on early-stage tech in Turkey, Eastern Europe, and Baltics across sectors including AI and software. |
| Nov 2018 | Series A | Jungle Ventures (lead); Lakestar (lead); Deepcore; Tapestry VC | $30M | - | Builder.ai was founded in 2016 as Engineer.ai and launched its platform in June 2018, offering a guided process to scope and build applications with assistance from a virtual assistant called Natasha. The company claimed early success with high-profile clients including BBC and Virgin, reporting approximately $24 million in revenue within six months of platform launch. In November 2018, Builder.ai completed its Series A funding round of $29.5 million, led by Lakestar and Jungle Ventures, marking an early stage of expansion. However, the company's claimed AI-driven development model masked a reality heavily dependent on manual work by human engineers, a discrepancy that would later contribute to its eventual downfall. The platform targeted the low-code/no-code software development market, positioning itself as a tool to democratize app building for non-technical users across industries including healthcare, financial services, retail, and education. |
Who has invested in Builder.ai?
15 investors have backed Builder.ai across its funding rounds, including Jungle Ventures, Revo Capital, Tapestry VC, Insight Partners, Blue Lion and International Finance Corporation.
Lead investors include Qatar Investment Authority, Insight Partners, Jungle Ventures and Lakestar.
Builder.ai Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Nov 2018 | ||
| 3 | Participant | Nov 2018 | ||
| 3 | Participant | May 2021 | ||
| 2 | Participant | Mar 2022 | ||
| 2 | Lead | Mar 2022 | ||
| 1 | Participant | May 2023 | ||
| 1 | Participant | May 2023 | ||
| 1 | Participant | May 2023 | ||
| 1 | Participant | Mar 2022 | ||
| 1 | Participant | Mar 2022 | ||
| 1 | Lead | May 2023 | ||
| 1 | Participant | Mar 2022 | ||
| 1 | Participant | Nov 2018 | ||
This data is available for Pro users. Sign up to see all 15 Builder.ai investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialBuilder.ai Competitors
Builder.ai competitors included listed companies like Xinhua Winshare, GigaCloud Technology, Infomart and Riskified, and private ones like CLANSTECH and Expando.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.7B | $250M | $2.5B | 0.8x | ||
| Publicly listed | $1.3B | $158M | $2.1B | 1.4x | ||
| Publicly listed | $119M | $31M | $1.2B | 8.7x | ||
| Publicly listed | $345M | ($31M) | $1.1B | 2.3x | ||
| Private | - | - | $500K | - | ||
| Private | - | - | $500K | - |
Builder.ai Public Comps
Builder.ai is defunct now, but its public comps included Amaze Holdings, Star8, Redegal, Planet B2B, Upsellon Brands Holdings, Dynamic Aerospace Systems, Infracommerce and Bridgeline Digital.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2M | ($50M) | 2.0x | 2.0x | (0.1x) | (0.3x) | |||
| - | - | - | - | - | - | |||
| $19M | $44K | 0.2x | - | 91.0x | 11.4x | |||
| $281K | $101K | 13.0x | - | 36.2x | - | |||
| $11M | ($981K) | 0.4x | - | (5.0x) | - | |||
| - | ($7M) | - | - | (1.0x) | - | |||
This data is available for Pro users. Sign up to see all Builder.ai competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Builder.ai
| What happened to Builder.ai? | Builder.ai is not operational anymore and insolvent as of 2 June 2025. |
| When was Builder.ai founded? | Builder.ai was founded in 2016. |
| Where was Builder.ai headquartered? | Builder.ai was headquartered in London, United Kingdom. |
| Was Builder.ai publicly listed? | No, Builder.ai was a private, VC-backed company. |
| What was Builder.ai's valuation? | Builder.ai was last valued at $1.6B in its Series D in May 2023. |
| How much did Builder.ai raise? | Builder.ai raised $445M across 5 funding rounds. |
| What was Builder.ai's last funding round? | Builder.ai's last funding round was a $250M Series D in May 2023, led by Qatar Investment Authority. |
| Who were Builder.ai's investors? | Builder.ai's investors included Jungle Ventures, Tapestry VC, Revo Capital, Blue Lion, Insight Partners, Epiq Capital, ICONIQ Capital, Microsoft, WndrCo, Nikesh Arora and 5 others. |
| Who were Builder.ai's competitors? | Builder.ai's competitors included Xinhua Winshare, GigaCloud Technology, Infomart, Riskified, CLANSTECH and Expando. |
See companies similar to Builder.ai
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




