Builder.ai gets $250 mn from Qatar Investment Authority, valuation up 1.8x

Builder.ai, an artificial intelligence-powered composable software firm, has raised an investment of $250 million in Series D. The new investment, which has come amid a funding winter, was led by Qatar Investment Authority (QIA). This takes the total amount raised by the Sachin Dev Duggal-led company to over $450 million with an up to 1.8x increase in its valuation. However, the London-based firm didn’t reveal the exact valuation after this round, which included participation from existing and new investors such as Iconiq Capital, Jungle Ventures & Insight Partners.