Friday, 10 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > Microsoft-backed UK tech unicorn Builder.ai collapses into insolvency
Economy

Microsoft-backed UK tech unicorn Builder.ai collapses into insolvency

Last updated: May 20, 2025 6:35 am
Share
Microsoft-backed UK tech unicorn Builder.ai collapses into insolvency
SHARE

Builder.ai Enters Insolvency Proceedings Amid Financial Difficulties

Builder.ai, a well-funded technology start-up in the UK, is facing insolvency proceedings after restating its revenues and acknowledging challenges under its previous leadership. The company, backed by Microsoft, broke the news to employees during a company-wide call, revealing serious financial issues.

Engineer.ai Corporation, the main unit of Builder.ai, will be entering insolvency proceedings and appointing an administrator to manage its affairs. This development comes as a significant setback for Builder.ai’s high-profile investors like Microsoft and Qatar’s sovereign wealth fund, who collectively invested $450 million in a company that promised to simplify the app and website development process.

Founder Sachin Dev Duggal stepped down as CEO earlier this year, citing an inability to overcome historical challenges and past decisions that strained the company’s financial position. The company’s new CEO, Manpreet Ratia, disclosed that Builder.ai had revised its 2023 revenue figures to $140 million and reduced its revenue forecast for the second half of 2024 by 25%.

Builder.ai had previously come under scrutiny for its accounting practices, including its reliance on an auditor with close ties to Duggal. Additionally, Duggal faced legal issues in India, where he was named in criminal investigations. Despite denying any wrongdoing in the Indian case, Duggal has been embroiled in a series of legal disputes throughout his career.

See also  Fed will ease slowly as there is 'still work to do' on inflation: Fitch
TAGGED:Builder.aiCollapsesinsolvencyMicrosoftbackedTechUnicorn
Share This Article
Twitter Email Copy Link Print
Previous Article Ancient Maltese temples may have been schools for celestial navigation Ancient Maltese temples may have been schools for celestial navigation
Next Article Fewer Rules, Better People: How To Expand Discretion Fewer Rules, Better People: How To Expand Discretion
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

5 Ways the Chaos at HHS Could Affect Your Community’s Health

The Impact of Recent Personnel Cuts at the U.S. Department of Health and Human Services…

April 15, 2025

DirecTV MySports Pricing, Availability Announced

DirecTV has recently launched a new skinny bundle of sports channels called DirecTV MySports. This…

January 14, 2025

Real Madrid’s loss to Arsenal shows why Los Blancos need Liverpool star Trent Alexander-Arnold

Madrid need a passer at the base of their midfield, someone who can dictate play…

April 18, 2025

Los Angeles Rioters Set Fire to Waymo Self-Driving Vehicles |

On a tumultuous Sunday evening in downtown Los Angeles, a series of self-driving Waymo vehicles…

June 9, 2025

NFL QB stock report, Week 14: Insight into Bryce Young’s revival; Kirk Cousins still Falcons’ QB1?

Bryce Young has finally started living up to the expectations that the NFL had for…

December 4, 2024

You Might Also Like

When Godzilla Breaks Windows
Economy

When Godzilla Breaks Windows

October 10, 2025
Peter Schiff Describes Bitcoin’s Jump Over 6,000 As ‘Bear Market Rally’: ‘Too Early For Bitcoiners To Get Excited…’
Economy

Peter Schiff Describes Bitcoin’s Jump Over $126,000 As ‘Bear Market Rally’: ‘Too Early For Bitcoiners To Get Excited…’

October 10, 2025
Veteran analyst drops sharp take on GTA 6 hype
Economy

Veteran analyst drops sharp take on GTA 6 hype

October 10, 2025
Nvidia’s Jensen Huang Says AI Demand Is Up ‘Substantially’ This Year, and Still Growing
Economy

Nvidia’s Jensen Huang Says AI Demand Is Up ‘Substantially’ This Year, and Still Growing

October 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?