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NewsBuilder.ai, an AI startup backed by Microsoft and the Qatar Investment Authority, is undergoing an audit by two Big Four firms after a 25% cut in its revenue estimates for H2 2024 due to poor sales performance. Concerns have been raised by former employees about inflated sales figures, prompting newly appointed CEO Manpreet Ratia to emphasize the need for operational improvements and enhanced transparency. Despite challenges in Australia and Southeast Asia, the company projects a revenue increase to US$170 million in 2024, up from US$140 million in 2023.
Builder.ai has appointed Manpreet Ratia as its new CEO, aiming to enhance growth through innovation and operational excellence. With over 20 years of experience in e-commerce and financial services, Ratia will lead the company while founder Sachin Dev Duggal remains on the board to guide its vision. This leadership transition is set to balance revolutionary software development with improved operational capabilities, positioning Builder.ai for its next growth phase.
Sachin Dev Duggal
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Microsoft backed AI firm faces audit and leadership changes amid revenue concerns
08:30 01.04.2025
builder ai appoints manpreet ratia as new ceo to drive growth
12:16 05.03.2025
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