Established in 2016, Builder.ai developed an AI-powered low-code/no-code app development platform. It enables businesses ranging from large corporations to SMBs to build software and apps up to 6x faster and up to 70% cheaper than traditional human teams.
Why did we invest?
Due to the COVID-19 pandemic, many SME businesses realized the importance of going digital as a way to survive. However, they do not know how to build a software and lack knowledge on how to find the right kind of sourcing partners. By 2024, 64% of business software will not be produced by in-house IT departments. Builder.ai targets global SMEs & democratizes the app building process by providing access to the tools and technical knowledge which was previously largely accessible to financially strong and technically advanced parties.