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May 21, 2025

Leaked memo: Builder.ai CEO blames lenders for pulling the plug on troubled startup

The AI startup told employees it would be filing for insolvency on Tuesday


The CEO of Builder.ai has hit out at the company’s lenders — claiming their “unexpected and irreversible action” triggered its collapse — in a leaked memo seen by Sifted. 

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Kai Nicol-Schwarz

Kai Nicol-Schwarz was a senior reporter at Sifted. He covered AI and UK tech.

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