builder.ai tapped into a new wave of companies wanting their own native apps with a turnkey approach, accelerated by the rapid digitization of life during the pandemic. That led to led to a $100 million Series C funding round last year led by Insight Partners, bringing the company’s total funding to $195 million.
It has now landed a strategic partnership with Microsoft, which includes an undisclosed equity investment in the startup. TechCrunch’s source indicates that the investment was “significant”, although we could not get anything more than that.
The collaboration will mean that the two companies will collaborate on AI solutions. Builder’s “Natasha” AI will be available to Teams users and will be available when looking to build apps and software. Microsoft’s second-quarter results showed that Teams has reached more than 280 million monthly active users.
Builder.ai CEO Sachin Dev Duggal said in a statement: “From my first meeting with Microsoft to the moment we agreed to collaborate more strategically, one thing has been truly clear: Microsoft’s commitment to helping everyone unlock your true potential.
There will also be integrations into Azure OpenAI Service and other Azure Cognitive Services with Builder.ai’s software assembly line and Microsoft Cloud and AI adoption, along with partnerships across Microsoft developer platforms.
“We see Builder.ai creating a whole new category that empowers everyone to be a developer, and our new and deeper collaboration powered by Azure AI will bring the combined power of both companies to businesses around the world,” added Jon Tinter, corporate vice president. . , Business Development, Microsoft.
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