London-based AI firm Builder.ai has been making headlines with its recent achievements, including securing a $250 million funding round led by the Qatar Investment Authority (QIA), a renowned investor behind successful unicorns like Snyk, VerSe Innovation, and Celonis. Other investors in the deal included Iconiq Capital, Jungle Ventures, and Insight Partners. The company declined to provide its valuation. Thus, Builder.ai has raised $450 million in total, resulting in a valuation increase of 1.8x.
With Microsoft’s equity stake and plans to integrate Builder.ai’s AI assistant Natasha into its Teams software, the company is poised to redefine software development.
Builder.ai was founded by Sachin Dev Duggal in 2017 and makes so-called “no-code” and “low-code” platforms. Using its software, anyone can develop and manage apps, from tech-shy artists looking to sell their work online to design professionals with limited programming experience.
Today at TFN, we decided to explore the fascinating journey of Sachin Dev Duggal, the visionary founder behind this London unicorn.
21-year-old serial entrepreneur
Sachin Dev Duggal, the CEO of Builder.ai, is a serial entrepreneur who started his first venture at the age of 16. He has a long history of successful ventures, including Nivio, a cloud computing company, which he founded at the age of 21
Creating accessible businesses
Duggal’s passion for technology and entrepreneurship led him to establish Builder.ai with the vision of democratising software development. He aimed to make it accessible to businesses of all sizes, allowing them to build custom applications efficiently and cost-effectively.
AI trailblazer
To build Builder.ai into a unicorn startup, Duggal adopted a unique business model that combines human and AI-powered development processes. The platform utilizes AI to automate repetitive tasks and streamline the software development lifecycle, resulting in faster delivery times and reduced costs.
Unicorn startup founder
Duggal’s innovative approach has attracted significant attention and investment from prominent organisations. Builder.ai has received funding from top-tier investors, including SoftBank, and has achieved a valuation of over $1 billion, solidifying its status as a unicorn startup.
Disrupting SaaS industry
Duggal’s leadership and vision have been instrumental in driving the rapid growth of Builder.ai. His ability to identify market opportunities and leverage technology to solve complex problems has allowed the company to disrupt the traditional software development industry and pave the way for a new era of accessible and efficient software development.
With the recent funding success and game-changing innovations, Builder.ai, under the leadership of Sachin Dev Duggal, is expected to reshape the software development landscape. By democratising access to software development, the company empowers businesses of all sizes to embrace digital transformation and accelerate their growth. As Builder.ai continues to redefine the future of software development, the world eagerly awaits the next wave of innovation from this London unicorn.
