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/...