Builder.ai tapped into a new wave of companies that want their own native apps with a turnkey approach, accelerated by the rapid digitization of life during the pandemic. That led to a $100 million Series C funding round last year led by Insight Partners, bringing the company’s total funding to $195 million.
It has now secured a strategic partnership with Microsoft, which includes an undisclosed equity investment in the startup. TechCrunch’s source says the investment was “significant,” though we couldn’t get anything beyond that.
The collaboration will see the two companies collaborate on AI solutions. Builder AI “Natasha” will be available to team users and will be available when they want to build apps and software. Microsoft’s Q2 results showed that Teams has reached more than 280 million monthly active users.
Builder.ai CEO Sachin Dev Duggal said in a statement, “From my first meeting with Microsoft to the moment we agreed to collaborate more strategically, one thing has been abundantly clear: the commitment of Microsoft to help everyone unlock their true potential.”
There will also be integrations to the Azure OpenAI service and other Azure cognitive services with Builder.ai’s software assembly line and Microsoft Cloud and AI adoption, along with collaborations between Microsoft’s developer platforms.
“We see Builder.ai as creating an entirely new category that allows everyone to be a developer, and our deeper new collaboration powered by Azure AI will bring the combined power of both companies to businesses around the world,” added Jon Tinter, Corporate Vice President. , Business Development, Microsoft.
Microsoft has announced an investment into Builder.ai, a full-stack technology company that provides low-code app development, machine learning and AI-powered services to businesses. The goal of this strategic alliance is to help companies build their own apps faster and better. As part of the investment, Microsoft has also integrated Builder.ai’s services into Microsoft Teams to increase its flexibility and usability.
At Ikaroa, we are proud to be part of this strategic partnership. We have been builders in the full stack technology space for more than 15 years, and have seen the tremendous impact that Builder.ai services have had on businesses in the past. This partnership will continue to drive innovation and enable more businesses to create their own apps faster and with better quality.
Microsoft Teams, one of the most popular enterprise-level collaboration products on the market, will now integrate the Builder.ai services to offer their users the ability to build and customize their own apps without needing to understand code or other technical complexities. The potential benefits to businesses through this move could be massive, with improved digital experiences, better decision-making, and lower costs.
The teams at Ikaroa are excited to be part of this partnership and are sure it will bring great success to Microsoft, Builder.ai and other businesses. We are also looking forward to the results of this integration, which we believe will be beneficial and far-reaching for businesses of all sizes.