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Leading AI-based app development platform joins OpenAI, Disney, Tiffany
LONDON, March 2, 2023 /PRNewswire/ -- Builder.ai has been included in the prestigious annual Fast Company list of the World's Most Innovative Companies for 2023 ranking #3 in the "Artificial Intelligence" category.
This year's list highlights companies at the forefront of their respective industries, paving the way for tomorrow's innovations. These companies are setting the standard with some of the greatest achievements of the modern world. In addition to the 50 Most Innovative Companies in the World, 540 organizations from 54 industries and regions are recognized.
"We are thrilled to be recognized by Fast Company as a leader in innovation, and especially in the AI space!" said Sachin Dev Duggal, Builder.ai's founder and Chief Wizard. "We believe that every business, every entrepreneur should feel empowered to unlock their true potential. We are always pushing the boundaries of the perception that building an app is too difficult, that it is only for a select few with coding skills. This perception limits the creativity and prevents good app ideas from getting off the ground. We're here to make software development as easy as ordering pizza and fuel the dreams of the next 100 million app creators, and it's great to be recognized by Founded in 2016 and based in London, UK, Builder.ai is an AI-powered app development platform that enables anyone with an idea to create an app. The company has grown by more than 300% year over year, and in the last year alone, has sold more than 40,000 features to its customers.
Breaking down the software into its features has been the key to Builder.ai's success. Whether designed for an entrepreneur or a large company, most apps contain the same basic features (such as login, shopping cart, or push notifications). Builder.ai has a library of over 500 of these reusable functions, which fit together like Lego bricks. Your customers use some of the world's favorite apps as the basis for their idea, and then add or remove the features they want. This reduces the time to build your app, since the code stays the same and the only thing that changes is the last bit of customization. The Builder.ai platform also includes Natasha, the world's first AI-powered software product manager, who helps turn the idea in the client's head into a delivery plan for their application.
In 2022, Builder.ai closed its Series C funding round, led by Insight Partners, with $100 million, bringing the company's total funding to $195 million. Late last year, they partnered with Etisalat UAE, giving their clients access to Builder.ai's Studio Store® product, which includes a range of pre-packaged applications designed to help SMBs take a digital-first approach. Their combined strengths allow SMBs to scale with software that is accessible, cost-effective, and efficient.
Fast Company editors and writers searched for the most advanced companies around the world. They also valued the applications received through their application process.
The World's Most Innovative Companies is Fast Company's flagship franchise and one of its most anticipated publishing efforts of the year. It offers a first-hand view of the inspiring and innovative efforts of companies from all sectors of the economy.
"It's been a strange and exciting year to honor this year's most innovative companies. This year's list brings together some of the most forward-thinking pioneers who are changing our world every day, from traditional organizations like McDonald's to startups like MrBeast. and institutions like NASA. Everyone on this list is doing something completely different, but they have one thing in common: innovation," said Brendan Vaughan, Editor-in-Chief of Fast Company.
Fast Company will hold its third annual Most Innovative Companies Summit on April 19 and 20. The virtual summit honors the most innovative companies and offers an inside look at cutting-edge business trends and what it takes to innovate in 2023. Fast Company's Most Innovative Companies issue (March/April 2023) is available at online here, as well as in app form through iTunes, and on newsstands starting March 14. The hashtag is
Builder.ai® is the next generation application development platform for every idea and business on the planet. The AI-powered assembly line fuses reusable Lego-like functions, using Building Blocks™ automation to reduce human effort, leveraging a verified network of experts to vastly expand development capabilities, and producing apps with a near failure rate. null that are much cheaper and faster than traditional software development.
Builder.ai, led by British-Indian serial entrepreneur Sachin Dev Duggal, is changing the way software is created and used with a suite of products and services, including BUILDER STUDIO, BUILDER CLOUD, BUILDER NOW, STUDIO STORE, and STUDIO RAPID. . In 2020, Builder.ai was awarded the "Hottest AI Startup" and "2022 Hottest Scale-Up" Awards for Europe's Successful Tech Startups and Best Innovation-COVID-19 Recovery at CogX and awarded " Visionary" in the 2021 Gartner® Magic Quadrant™ for Multi-Experience Development Platforms. Builder.ai is headquartered in London with employees and locations in Delhi NCR, Singapore, Los Angeles, Salt Lake City, Sophia Antipolis and Dubai. For more information, visit www.builder.ai.
BUILDER.AI and BUILDER are trademarks of Engineer.ai Corp. All other marks are registered trademarks of their respective owners.
ABOUT FAST COMPANY
Fast Company is the only media brand dedicated entirely to the vital intersection of business, innovation and design, featuring the most influential leaders, companies and thinkers on the future of business. Headquartered in New York, Fast Company is published by Mansueto Ventures LLC, in conjunction with our sister publication Inc., and can be found online at www.fastcompany.com.
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