Builder.ai

TECH

Builder.ai faked business with Bengaluru-based VerSe, which runs the Dailyhunt news app, by “round-tripping” sales worth ~$60M from 2021-2024 (Bloomberg)

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TECH

Builder.ai collapsed after it revised its 2024 revenue estimate from $220M to ~$55M and restated its previously reported 2023 sales from $180M to ~$45M (Financial Times)

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TECH

Builder.ai, which raised $450M from Microsoft and others, used an auditor with links to founder Sachin Duggal; Duggal resigned as CEO last month (Financial Times)

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