Skip to content Skip to Search
Skip navigation

QIA leads $250m funding for London-based AI startup

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.

Latest articles

A rendering of DP World's logistics park in Jeddah Islamic Port

$250m logistics park breaks ground in Jeddah

Dubai logistics company DP World has commenced work on a SAR900 million ($250 million) logistics park in Saudi Arabia’s Jeddah Islamic Port. The new storage and distribution facilities, being developed along with state-backed Saudi Ports Authority (Mawani), will boost trade in the kingdom and the wider region. The 415,000 sq m “greenfield” facility will provide […]

Indian prime minister Narendra Modi (left) completed a visit to the UAE in February to sign deals on trade cooperation

Indian investment in GCC falls despite increased trade

Investment from India into Gulf countries has dropped considerably despite growth in bilateral trade due to the country adopting a more protectionist approach. Trade between India and the group of six GCC countries – Bahrain, Kuwait, Qatar, Oman, Saudi Arabia and the UAE – reached almost 16 percent of the country’s total in the last […]

Photography, Clothing, Glove Qatari origin urea will be supplied to the agricultural sectors of the US and other international markets

Qatar signs 15-year urea supply pact with US company

Qatar, the world’s second-largest exporter of urea, has signed a long-term urea supply agreement with US-based Koch Fertilizer.  The 15-year agreement, starting in July, will lead to the supply of up to 0.74 million tonnes per annum (MTPA) of urea, state-backed QatarEnergy said in a statement. Locally manufactured urea will be supplied to the agricultural […]

Adnoc's Ruwais LNG project. The company has approved capital expenditure of $150 billion for 2023-2027

Adnoc to reach its 5m bpd oil target before 2027

Abu Dhabi National Oil Company (Adnoc) is likely to reach its 5 million barrel per day (bpd) oil production capacity expansion by the end of next year or early 2026, Bloomberg reported, citing people aware of the operations. The oil company announced in November 2022 that the new target was to be achieved by 2027 […]