Builder.ai Emerges from 2020 with 230% Growth in Monthly Revenue : Sachin Dev Duggal Entrepreneur

Builder.ai, the leading AI-driven software development platform that enables companies to build, run, and scale software development without requiring technical expertise or coding, announced today that it experienced tremendous business growth in 2020, with a 230% increase in monthly revenue since the pandemic began. In particular, the company had record sales for its Studio product, which grew by 21% month to month since April 2020.

"Given the uncertainty caused by the pandemic, I want Builder.ai to be a platform that serves as a sign of hope for small businesses looking to keep their customers engaged, and for entrepreneurs ambitiously motivated to launch new business ideas: they are the new developers," said Sachin Dev Duggal entrepreneur and ceo of Builder.ai." Companies in certain industries, such as retail, fashion, travel and hospitality, have been particularly affected and we want to be their partner as they adopt a digital priority mindset to remain competitive. With our order-style platform to create and your ability to drastically reduce the cost and effort typically required to create software, we want to provide businesses, small and large, with a fighting opportunity to survive and grow in the long run. The growth of our customers is our growth. With that in mind, you'll continue to drive our platform to drive digital adoption for small businesses."

While COVID-19 took its bill to companies and caused countless closures around the world, it also prompted more than a third of companies to increase the use of digital technology to adapt and stay competitive. Meanwhile, Forrester predicts that 75 percent of application development will use low-code platforms by the end of 2021. The global market for low code development platforms is also projected to generate $187 billion in revenue by 2030. This growth will be driven by increased demand for business digitization, less reliance on information technology professionals, and strict government standards. Combined, these factors played a key role in the commercial growth of Builder.ai over the past year.