Builder.ai The rapid digitization of life during the pandemic has accelerated a new wave of businesses looking to own their own native apps on a turnkey basis. This led to a $100 million Series C round led by Insight Partners last year, bringing the company’s total funding to $195 million.
It now has a strategic partnership with Microsoft that includes an undisclosed equity investment in the startup. TechCrunch’s sources suggest the investment is “significant,” but we’re not getting anything else.
The partnership means that the two companies will collaborate on AI solutions. Builder’s “Natasha” AI will be available to Teams users when they want to build apps and software. According to Microsoft’s second-quarter results, Teams has more than 280 million monthly active users.
Sachin Dev Duggal, CEO of Builder.ai, said in a statement: “From my first meeting with Microsoft to our agreement to work more strategically, one thing was very clear – Microsoft is committed to helping everyone Individuals unleash their true potential.”
It will also integrate with Builder.ai’s software assembly line across Azure OpenAI Services and other Azure Cognitive Services, and adopt Microsoft Cloud and AI, as well as partnerships across Microsoft developer platforms.
“We see Builder.ai creating a whole new category that empowers everyone to be a developer, and our new, deeper collaboration powered by Azure AI will bring the strengths of both companies to enterprises around the world. Combined strength,” added corporate vice president Jon Tinter. , Business Development, Microsoft.