Builder.ai, a rapidly expanding company, has announced a strategic partnership with Microsoft that involves an equity investment.
It comes after the report that the low-code AI development platform had acquired £76 million in Series C funding in March 2022.
Builder.ai, which was founded in 2016, asserts that users don’t need to “speak tech” in order to create software and apps up to 6 times faster and 70% less expensive than with typical human teams.
Through the partnership with Microsoft, the two organizations will work together to develop AI-powered solutions that enable enterprises to create applications and become digital natives without the need for specialized technical knowledge.
Founder’s Statement
Builder.ai’s founder, Sachin Dev Duggal, stated: “We are delighted to be working so closely with Microsoft. One thing has been crystal evident throughout my interactions with Microsoft, from our initial meetings to the moment we decided to work together more strategically. Microsoft is dedicated to assisting everyone in realizing their full potential.
We are overjoyed that the biggest software company in the world selected Builder.ai as a partner to establish stronger roots in assisting the next 100 million businesses and beyond become digitally native.
Through strong product links across the Microsoft product ecosystem, the collaboration will hasten the go-to-market expansion of the Builder.ai platform. Integrations between Azure OpenAI Service and other Azure Cognitive Services are part of this.
Vice President Words
“Our partnership with Builder.ai is an extension of our mission to empower every individual and every organization on the planet to achieve more,” said Jon Tinter, Corporate Vice President, Business Development at Microsoft.
“We see Builder.ai creating an entirely new category that enables everyone to be a developer, and our new, deeper collaboration powered by Azure AI will bring the combined power of both companies to businesses around the world,” the company said.
Specifications
Builder.ai will provide customers with seamless access to cloud services on Azure (payments, infrastructure, messaging, etc.) to support the apps they are building, enabling businesses to advance their digital transformation journeys without experiencing any friction as a result of this cooperation.
Builder.ai is a next-generation platform for developing apps powered by AI that is open to all ideas and businesses on the planet.
The AI-powered assembly line combines reusable components in a way akin to Lego blocks, using Building Blocks automation to lessen human effort, relying on a verified network of experts to greatly expand development capabilities, and producing apps with almost zero failure rates that are much cheaper and quicker than traditional software development.
The headquarters of Builder.ai are in London, and it also has offices and hubs in Dubai, Delhi, Singapore, Salt Lake City, Los Angeles, and Sophia Antipolis.