Roehl Niño Bautista · · 1 min readJungle Ventures-backed software builder raises $100m
UK-based Builder.AI, a software building platform, has received US$100 million in a series C raise led by Insight Ventures, with Jungle Ventures returning. This brings its total funds raised to US$195 million across three rounds.
Photo credit: Builder.AI
Established by Sachin Dev Duggal in 2016, Builder.AI offers a no-code development platform powered by AI for faster software and app building. It is also working on knowledge graph-powered code synthesis. With its latest raise, it eyes making AI-related investments and developing its conversational AI product.
The firm is also looking to expand its operations in Asia Pacific, the US, the UK, and the Middle East and North Africa region. It already has 450 employees across Delhi, Singapore, Los Angeles, Salt Lake City, and Dubai.
Organizations require “a stable but agile software development platform that can leverage innovative technologies such as AI and low-code/no-code to enable rapid digital transformation and create real time impact for stakeholders,” said Amit Anand, founding partner of Jungle Ventures
See also: Series SEA: Who’s investing in the region’s AI startups?
Other investors in the round include:
- IFC
- WndrCo
Editing by Miguel Cordon and Lorenzo Kyle Subido
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