Banking & Finance QIA leads $250m funding for London-based AI startup By Pramod Kumar May 24, 2023 Builder.ai The investment will help drive Builder.ai's innovation pipeline and expand its geographic presence London-based Builder.ai, an artificial intelligence-powered composable software startup, has raised $250 million in Series D funding led by the Qatar Investment Authority (QIA). The investment will help drive its innovation pipeline and expand its geographic presence, the company said in a statement. The startup has raised over $450 million so far since its inception. The Series D round included participation from additional existing and new investors, including Iconiq Capital, Jungle Ventures and Insight Partners. “This investment is aligned with QIA’s strategy of supporting innovative companies shaping the future of the global economy,” said Ahmed Ali Al Hammadi, CIO for Europe, Turkey and Russia at QIA. Established in 2016, Builder.ai has nearly doubled its headcount since January 2022 and extended its UK footprint, as well as adding four new offices in the US, the UAE, Singapore and France since 2021. The transaction is subject to customary closing conditions, the statement said.
