Friday, 31 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  Micron (MU) Delivers Earnings Beat and Strong Forecast, Stock Outlook Brightens
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

What We Love This Summer: Cocktails, Cowgirl Boots and More

Memorial Day Weekend is finally here, marking the official start of summer. As you gear…

May 23, 2025

What sleep scientists recommend doing to fall asleep more easily

Sleep is a precious commodity in many households, mine included. With insomnia, restless children, and…

June 26, 2025

Kidnap Survivor Fears New Threat Decades After Abduction

Elizabeth Smart Expresses Fear Over Kidnapper's Release Near School Even though Elizabeth Smart vehemently condemned…

May 22, 2025

Contemporary Artists Use the Rug as a Vehicle for Expression at the Museum of Craft and Design

The Museum of Craft and Design in San Francisco is currently hosting an intriguing exhibition…

January 8, 2025

IBM CEO urges the Trump Administration to increase — not cut — federal AI R&D funding

Arvind Krishna, CEO of IBM, Advocates for Increased Federal R&D Funding for AI Arvind Krishna,…

May 6, 2025

You Might Also Like

Market analysts react to Trump-Xi meet
Economy

Market analysts react to Trump-Xi meet

October 31, 2025
Tech Advisor December 2025 Digital Magazine
Tech and Science

Tech Advisor December 2025 Digital Magazine

October 31, 2025
29 truck carrier files Chapter 11
Economy

29 truck carrier files Chapter 11

October 31, 2025
Trust Government Statistics, Not Government
Economy

Trust Government Statistics, Not Government

October 31, 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?