Behind Builder.ai’s Collapse, Cost Of 12-Hour Workday & More

Behind The Collapse Of Builder.ai 

Once backed by giants like Microsoft and QIA, Builder.ai’s horizons look bleak. The no-code AI platform is grappling with insolvency proceedings amid allegations of faking its tech, inflating sales and round-tripping of funds. 

Tracing A Unicorn’s Fall: Having raised $450 Mn+ over its lifetime, Builder.Ai fell prey to weak internal controls and lapses on the tech front. The final blow came earlier this year, when a creditor, alleging breach of loan covenants, restricted access to nearly $40 Mn in debt…