Why did Microsoft-backed $1.3bn Builder.ai collapse? Accused of using Indian coders for ‘AI’ work
- Posted on May 23, 2025
- By Financial Express
- 1 Views
Why did Microsoft-backed $1.3bn Builder.ai collapse? Accused of using Indian coders for ‘AI’ work
Over the next eight years, it raised over $445 million, counted Microsoft and the Qatar Investment Authority as investors, and crossed the $1.3 billion valuation mark.
By May 2025, it has gone bankrupt.
