Microsoft has taken an undisclosed equity stake in London-headquartered coding platform Builder.ai.
The investment into Builder.ai will see the integration of the US technology giant’s cloud and AI. Builder.ai’s own AI Natasha will be added to Microsoft’s Teams store.
Jon Tinter, corporate VP of business development, Microsoft, said: “We see Builder.ai creating an entirely new category that empowers everyone to be a developer and our new, deeper collaboration fuelled by Azure AI will bring the combined power of both companies to businesses around the world”
Builder.ai’s platform assembles apps by connecting different blocks of code, such as sign-in pages. An AI chooses which of Builder.ai’s 85,000 designers and developers will be most suitable for each app’s development.
Generative AI startup Hazy also received backing from Microsoft’s venture capital fund in March.
“This collaboration best demonstrates our flywheel,” said Sachin Dev Duggal, chief wizard and founder of Builder.ai.
“We are not only seeing most Builder.ai customers add more features as they become more successful, they also are consuming more solutions from our cloud marketplace, making us the centre of their digital universe.”
Microsoft is currently in the process of a legal dispute in the UK following the block of a merger with Activision by the Competition and Markets Authority (CMA). Activision this week appointed “partygate” lawyer Lord David Pannick, to help handle the case.
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