UK tech unicorn Builder.ai, backed by Microsoft, Qatar, and others, says it is entering insolvency proceedings due to financial and historic leadership issues (Financial Times)
https://www.ft.com/content/9fdb4e2b-93ea-436d-92e5-fa76ee786caa
http://www.techmeme.com/250520/p17#a250520p17
Financial Times · Microsoft-backed UK tech unicorn Builder.ai collapses into insolvency
@Techmeme Wow, apparently this huge AI unicorn was a house of cards, from TechCrunch's article: "raised more than $450 million in funding ... inflated sales figures ... claimed to have built a largely automated app development platform, but the platform in truth relied heavily on human engineers."
https://techcrunch.com/2025/05/20/once-worth-over-1b-microsoft-backed-builder-ai-is-running-out-of-money/
TechCrunch · Once worth over $1B, Microsoft-backed Builder.ai is running out of money | TechCrunchAI software company Builder.ai is entering insolvency proceedings, a company spokesperson confirmed to TechCrunch.