Builder.ai, an AI-Powered platform for composable software which was founded by serial entrepreneur Sachin Dev Duggal to make it simple and affordable for average people and businesses to turn their ideas into software, has announced a Series D financial commitment of more than $250 million.
Over $450 million has been raised in Series D funding for Builder.ai, an AI-powered platform for modular software. The fund will be utilized to conduct research and development for Natasha, the company's AI Product Manager, and the platform's comprehensible app/software platform. Natasha manages duties like feature mapping and asking teams that interact with customers questions. Natasha's beta version was released in September 2021. The world's first AI-powered product manager, Builder Studio 3.0 from Builder.ai, intends to democratize software development. According to Sachin Dev Duggal, Chief Wizard and Founder of Builder.ai, the company intends to offer its customers a fully realized product that serves the customers the utmost control over the future. This in a way shows the commitment towards the business operations for customer-oriented goals.
The business wants to make consulting a smooth, predictable, repeatable process that ensures top-notch practices in every output. The most recent round of funding will support the business's creative pipeline, industry leadership, and leadership in partnerships and technology. Builder.ai's vitality is supported by consistent investment, strategic partnerships, positive customer feedback, and sector innovation. The company's initial investors, Iconiq Capital, Jungle Ventures, and Insight Partners, took part in the Series D investment.
The trend and technologies are drastically transforming the world, whether it's about Dubai’s Museum of Future, automation/optimization technology in manufacturing to ChatGPT, or Google Bard, all these are AI-Powered based horizons in terms of operations. In the same
Whether it is about Lenskart, an Indian multinational optical prescription eyewear retail chain, it uses Virtual Augmented Reality experience for scanning and analyzing the face. This tool allows you to scan and analyze your face, and detect your face shape and temple size, thereby suggesting frames that suit you the best. This is AI-Powered virtual reality technology that is quite strong in terms of detecting the face of the buyer with its advanced algorithms technology. Whether India or the world, technology is continuously emerging constantly.
Thus, Natasha, The AI Product Manager does feature mapping and also interacts with the customers. Sachin Duggal aims to utilize the funds towards the upgradation of Natasha, by which it will perform its duties more efficiently.
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