Qatar’s QIA leads $250mln investment in London-based Builder.ai

 




the investment is aligned with QIA’s strategy, the wealth fund said  

Staff Writer, ZAWYA
May 23, 2023
WEALTHFUNDSQATARUNITED KINGDOMARTIFICIAL INTELLIGENCEINVESTMENT
London-based Builder.ai, an artificial intelligence-powered composable software company, has raised $250 million in Series D funding led by the Qatar Investment Authority (QIA).

The investment will help fund its innovation pipeline and expand its geographic presence, the company said in a statement on Tuesday. It has raised more than $450 million so far.

The Series-D round included participation from additional existing and new investors including Iconiq Capital, Jungle Ventures & Insight Partners.

"This investment is aligned with QIA’s strategy of supporting innovative companies shaping the future of the global economy,” said Ahmed Ali Al-Hammadi, CIO for Europe, Türkiye and Russia at QIA.

(Writing by Brinda Darasha; editing by Seban Scaria)

brinda.darasha@lseg.com

SOURCE - https://www.zawya.com/en/wealth/funds/qatars-qia-leads-250mln-investment-in-london-based-builderai-le5xihtv


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