Builder.ai, an AI-powered next-gen no-code or low-code software development platform from London, has entered into a strategic collaboration with Microsoft. Microsoft has also taken an equity stake in the unicorn but both companies declined to disclose the financial terms of the deal. The deal signifies that Microsoft is all set to ramp up its efforts in AI, a core focus for the company as it looks to become a leader in the technology.
This investment comes after Builder.ai’s $100 million Series C funding round led by Insight Partners in 2022.
Microsoft has expanded its investments in AI lately and one evidence to the same is the $13 billion investment into OpenAI, which is behind the revolutionary ChatGPT. It also incorporated the firm’s AI language processing software into its Bing search engine and Office productivity apps.
Both companies will create AI-powered solutions that will empower businesses to develop applications and become digitally native without the need for any technical expertise. 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.
Through this collaboration, Microsoft plans to integrate Builder.ai’s AI assistant Natasha into its Teams video and chat software to let customers build business apps within the platform. In turn, Builder.ai will enhance Natasha by leveraging Microsoft’s AI algorithms to make it sound more human, the company said.
The collaboration will give Builder.ai and its clients access to Microsoft’s Azure suite of cloud tools, including a set of AI services it offers through a tie-up with US startup OpenAI. Developers on the Microsoft Azure platform will also be able to tap into Builder.ai’s network of experts.
“We are thrilled to be working so closely with Microsoft. This collaboration for Builder.ai is centred around alignment of our core mission. 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,” said Sachin Dev Duggal, Chief Wizard & Founder of Builder.ai. “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.”
“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,” said Jon Tinter, Corporate Vice President, Business Development, Microsoft.
Helps convert ideas to reality with AI
Founded by serial entrepreneur Sachin Dev Duggal in 2016, Builder.ai is reshaping how software is built and operated with a suite of products and services. The company continues to lead the industry with its AI-powered composable software platform that allows anyone with an idea to build an app (web or mobile) – faster and 70% more affordably.
Breaking software down into its reusable lego-like features, coupled with customisation from its managed expert network of designers and developers atop its service through the power of human assisted, AI powered assembly line, has been the key to Builder.ai’s success and the key to successful customer digital transformations worldwide.