Company Focused Market Research Report: Builder.ai

Company Overview

Name

Builder.ai

Mission of the Company

To make building an app so easy that anyone can do it without tech knowledge, with the help of AI and dedicated expertise.

Founded Date

2016

Founders

Sachin Dev Duggal and Saurabh

Key People in the Company

Sachin Dev Duggal: Founder & Chief Wizard

Vahé Torossian: President and Chief Partner Officer

Craig Saunders: Vice President of Artificial Intelligence

Headquarters

London, United Kingdom

Number of Employees

Approximately 900 employees

Revenue

No information is available

What the Company is Known For

Builder.ai is known for its AI-powered app development platform which makes creating custom software and apps accessible and cost-effective for businesses of all sizes. Their unique approach combines AI, automation, and human expertise to deliver tailored software solutions.

Products

Builder Studio

Description: A comprehensive platform that helps build custom apps tailored to business needs.

Key Features:

AI-assisted project scoping and design

Customisable app features

Real-time project tracking through Builder Home dashboard

Dedicated Productologist for project management

Studio Store

Description: Pre-packaged solutions for businesses that include all necessary features for specific industries.

Key Features:

Ready-to-go packages for selling online, managing bookings, etc.

No revenue-sharing on sales

Inclusive of both website and mobile apps

Builder Enterprise

Description: Solutions for enterprises to handle complex and large-scale app projects bypassing internal development constraints.

Key Features:

Guaranteed pricing and timelines

Enterprise-grade security and scalability

24/7 global support and proactive maintenance

Builder Cloud

Description: Cloud management solutions to reduce hosting costs with intelligent recommendations.

Key Features:

Guaranteed monthly savings

Intelligent usage recommendations

Full transparency on cloud costs

Builder Now

Description: A tool to create functional prototypes quickly, helping in idea validation and investor presentations.

Key Features:

Rapid development of working prototypes

Easy sharing with internal teams and investors

Recent Developments

Recent Developments in the Company

Funding: Raised $62 million + $250 million in recent funding rounds.

Awards: Recognized as one of the top 3 Most Innovative Companies in AI - 2023.

New Products Launched

No information is available

New Features Added to Existing Products

Updates and new features for the Builder Home dashboard to streamline project management.

Enhancements in Studio Store including V2 of the restaurant management system and ecommerce V3 updates.

New Partnerships

Partnership with Al Jabr MENA: Focused on empowering 125 startups and entrepreneurs at Gitex Global 2023.

Hiring of Industry Leaders: Craig Saunders from Amazon as Vice President of Artificial Intelligence and Vahé Torossian from Microsoft as President and Chief Partner Officer.

Conclusion

Builder.ai continues to revolutionize the field of app development by making it accessible and cost-effective. Their innovative use of AI, alongside human expertise, ensures that businesses can develop high-quality, bespoke applications quickly and affordably. The company's recent achievements and strategic partnerships indicate a robust growth trajectory and a bright future in the tech industry.