With over two decades of experience in e-commerce and financials services across the US and Asia, Ratia brings deep expertise in scaling high-growth, technology-driven businesses. At Amazon and Flipkart, he played a key role in scaling operations, integrating advanced technology, and optimizing supply chain and customer experience strategies. Whilst Amazon and Flipkart provided a bed to unleash scale; Manpreet’s experience at Citi provided a rich experience in scaling global markets & understanding enterprise behavior when it comes to innovation – both incredibly powerful for Builder.ai. His ability to drive efficiency while fostering innovation has consistently delivered value for customers, employees, and shareholders alike.

Ratia added, “Builder.ai has an exceptional foundation—built on groundbreaking technology, a strong culture. My focus will be on ensuring that we scale effectively, execute with operational excellence, and continue to drive value for our customers, employees, and investors. I look forward to leading the team to write the next chapter of Builder.ai’s growth, and I want to thank Sachin for his passion for the business and his vision.”

As Builder.ai’s founder, Sachin Dev Duggal has been behind the company’s journey, transforming software development through AI-powered innovation. Under his leadership, Builder.ai has pioneered a new way for businesses to build software with speed and efficiency.

“This evolution marks an exciting new chapter for Builder.ai,” said Sachin Dev Duggal. “After eight years of growth, bringing in fresh perspective and operational excellence is crucial for our next phase. Manpreet’s background expertise will help us achieve the perfect balance between innovation and operational efficiency.”

This leadership transition reinforces Builder.ai’s commitment to balancing its revolutionary approach to software development with enhanced operational capabilities. With a renewed focus on scalability, innovation, and execution, Builder.ai is well-positioned for its next phase of growth, ready to explore new opportunities, expand its impact, and unlock the full potential of AI-powered software development.

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The goal is to help startups scale quickly by providing digital tools that are both efficient and cost-effective, with the aim of fostering innovation and digital transformation.

Hussain Al Mahmoudi, CEO of SRTI Park, commented: “We are pleased to enter into a strategic partnership with Builder.ai, an AI-powered composable software platform that is renowned for helping startups and companies of all sizes develop apps and software that are critical to achieving accelerated digital transformation. We are confident the tenants in our buzzing ecosystem will benefit from the proven expertise of Builder.ai and achieve new levels of growth at a fast pace.”

Sachin Dev Duggal, Founder & Chief Wizard at Builder.ai added, “At Builder.ai, our mission is to unlock the potential of every business, empowering them to scale their digital capabilities with ease, no matter their technical background. This partnership with SRTI Park is about more than just providing tools – it’s about sparking innovation and transforming possibilities. Together, we are giving startups the power to build custom software and apps that will accelerate their journey to success, helping them thrive in a rapidly evolving digital world. We believe this collaboration will fuel growth, drive change, and inspire new levels of achievement in the dynamic SRTIP ecosystem.”

Builder.ai is an AI-powered composable software platform that allows every business and entrepreneur to become digitally powered. By decomposing software into reusable Lego-like features and combining them with cutting-edge AI and a patented software assembly line, Builder.ai provides a platform for creating digital solutions without the technical expertise needed. This will empower businesses at SRTIP to develop apps, automate processes, and enhance their operations without high development costs.

The collaboration strengthens SRTI Park’s mission to drive technological innovation and sustainability in Sharjah, positioning it as a leading player in the global innovation ecosystem.

SRTIP currently hosts a diverse array of global companies across various sectors, including transportation, construction, 3D printing, agriculture, energy, and water sustainability. The Park provides substantial investment opportunities, along with streamlined business setup processes through advanced regulations that enable fast licensing and transaction processing.

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The latest round of capital will fuel the company’s continued industry leadership and innovation pipeline allowing further investments in talent, partnerships, and technology; with a bigger focus on using human conversation as the primary user interface for allowing people to build software rather than the expert-laden white-canvas systems we are used to seeing in the no-code/low-code space. With customer demand at an all-time high, and AI advancing every day, the company has almost doubled its headcount since January 2022, and extended its UK HQ footprint with four new offices opened since 2021 – including the USA, the UAE, Singapore, and France.

Continued investor support – combined with strategic partnerships, customer tailwinds and acclaimed industry innovation – helped drive the company’s momentum with 2.3x revenue growth and over 40,000 features deployed to customers within the last year.

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

“Builder.ai was founded on the promise that everyone should be empowered to unlock their human potential. Today this means being able to build software to be able to do more with less. We are entering an incredible time in history where the very notion of software is changing; from something that had a shelf life of years to what will eventually have a shelf life of a conversation and the volume of what is being created is only going to grow exponentially” said Sachin Dev Duggal, Chief Wizard and Founder of Builder.ai.

Duggal added “With the support of our investors and the dedication and drive of our team, we are further empowered to unlock our own potential. Our growth strategy has always been driven by a DNA based on being able to do more with less and this has weaved into our shared vision with our customers around the world as everyone pushes the envelope to do more. It is what attracted our first-round investors in 2018, and what drives this Series D today. Our team is already investing this capital in our AI and automation capabilities, not only keeping pace with the fast-moving industry, but leading from the front so we can empower our customers more and at the same time use new frontier technology responsibly.”

“QIA is very excited to be partnering with the leader in this space. We are confident that Builder.ai’s innovative technology and proven approach positions the company for a future of substantial growth. 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.

“Sachin and the Builder.ai team have produced tremendous results since Insight invested one year ago. We are thrilled to be doubling down on our support of the company,” Jeff Horing, Co-Founder and Managing Director at Insight Partners.

“Our journey with Builder.ai was fuelled by a deep-seated belief in their pioneering solution, allowing us to recognise the immense potential of this sector and anticipate the trajectory of this industry during its nascent stages,” said Amit Anand, Managing Partner at Jungle Ventures. “As early investors, we have witnessed their exceptional growth, even amidst harsh economic climates, which demonstrates the team’s resilience and commitment to innovation. We are proud to continue supporting Builder.ai on their visionary path today.”

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