PE Fund Investments
Software platform provider Builder.ai raises $100-M led by Insight Partners
Gurgaon- and USA-based “low-code/no-code†IT platform provider Builder.ai has raised USD 100 million (around INR 750 crore) in a funding round led by Insight Partners. The Series C round, which brings the company's total funding to USD 195 million across three total rounds, includes participation from existing investors such as Jungle Ventures in combination with new investors such as the IFC and Jeffrey Katezenberg's WndrCo. Established in 2016, Builder.ai will invest the capital in AI and automation capabilities, develop its proprietary low-code/no-code platform, scale product development on core systems, including conversational AI.
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