AI-led startup Builder.ai raises $100M in Series C round led by Insight Partners

“Builder.ai, the AI startup that has built a low-code/no-code app development platform, has raised $100 million in a Series C funding round led by Insight Partners.
According to the startup, Builder.ai builds software and apps that are up to 6x faster and is around 70 percent cheaper as compared to other avenues. It claims that its revenue increased by over 300 percent and deployed more than 40,000 features in the last one year.
Jungle Ventures Founding Partner Amit Anand said, ‘Organisations today, more than ever, are in need to be changing, innovating and deploying new ideas fast. This requires a stable but agile software development platform that can leverage innovative technologies such as AI and low-code/no-code to enable rapid digital transformation and create real time impact for stakeholders.’”