Yes. Builder.ai was shut down on May 20, 2025, 9y 4m after its launch on January 1, 2016. The cause of death was fraud & bankruptcy; it was killed by Itself. Classification: startup failed. Details and the source are above.

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Builder.ai

Startup failed · Fraud & Bankruptcy · shut down May 20, 2025

Born: January 1, 2016
Died: May 20, 2025
Lifespan: 9y 4m
Cause of death: Fraud & Bankruptcy
Killed by: Itself
Type: Startup

Microsoft-backed 'AI app builder' valued at $1.5B. Its 'neural network' turned out to be 700 engineers in India writing code manually. After inflating revenue 300% ($55M real vs $220M claimed), a creditor seized $37M from its accounts, triggering bankruptcy across five countries.

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Builder.ai

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