2025-05-25
Financial Times
7 related
Sources: Builder.ai collapsed after it revised its 2024 revenue estimate from $220M to ~$55M and restated its previously reported 2023 sales from $180M to ~$45M
With the sublime @cynthiao.bsky.social and @alexandraheal.bsky.social [embedded post] Mando / @mrmandolino.itch.io : All of this is following the exact same arc that the crypto\NFT bubble did — Like...
2025-05-20
Financial Times
4 related
UK tech unicorn Builder.ai, backed by Microsoft, Qatar, and others, says it is entering insolvency proceedings due to financial and past leadership “problems”
Once high-flying group founded by Sachin Dev Duggal says its was unable to recover from ‘past decisions’
2025-03-03
Financial Times
Builder.ai CEO Sachin Dev Duggal steps down, replaced by Jungle Ventures' Manpreet Ratia; Builder.ai has raised $450M to use AI to develop apps and websites
FT previously reported that Sachin Dev Duggal had been named in criminal probe and faced complaints about company culture
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