Fast growing Builder.ai has announced a strategic collaboration with Microsoft which includes an equity investment.
It follows the news in March 2022 that the low-code AI development platform had received £76m in Series C funding.
Established in 2016, Builder.ai claims to build software and apps up to 6x faster and 70% cheaper than traditional human teams, without users needing to ‘speak tech’.
The collaboration with Microsoft will see the two companies partner on creating AI-powered solutions that empower businesses to develop applications and become digitally native without the need for any technical expertise.
Sachin Dev Duggal, founder of Builder.ai, said: “We are thrilled to be working so closely with Microsoft. From my first meeting with Microsoft to the moment we agreed to collaborate more strategically, one thing has been really clear-Microsoft’s commitment to helping everyone unlock their true potential.
“We are ecstatic that the world’s largest software company chose Builder.ai as a collaborator to lay down deeper roots in helping the next 100m businesses and beyond become digitally native.”
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The collaboration will accelerate go-to-market growth of the Builder.ai platform through deep product connections across the Microsoft product ecosystem. This includes integrations across Azure OpenAI Service and other Azure Cognitive Services.
Jon Tinter, Corporate Vice President, Business Development, Microsoft said: “Our collaboration with Builder.ai is an extension of our mission to empower every person and every organisation on the planet to achieve more.
“We see Builder.ai creating an entirely new category that empowers everyone to be a developer and our new, deeper collaboration fuelled by Azure AI will bring the combined power of both companies to businesses around the world.”
Through this collaboration, Builder.ai will help businesses advance their digital transformation journey in a frictionless manner, offering customers integrated access to cloud services on Azure (payments, infra, messaging etc) to support the applications they are building.
Builder.ai is an AI powered composable software the next generation app development platform for every idea and company on the planet. The AI-powered assembly line fuses together Lego-like reusable features, using Building Blocks™ automation to reduce human effort, leveraging a verified network of experts to vastly extend development capabilities, and producing apps at almost zero failure rate that are multitudes cheaper and faster than traditional software development.
Builder.ai is headquartered in London, supported by employees and hubs in Delhi, Singapore, Los Angeles, Salt Lake City, Sophia Antipolis and Dubai.
The 2022 funding was led by New York-based Insight Partners. Bringing the company’s total funding to $195m across three total rounds, the Series C includes participation from existing investors in combination with new individual and institutional names that include the IFC & Jeffrey Katzenberg’s WndrCo.