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Builder.ai, valued at $1.5B, files for bankruptcy amid fake transaction scandal with VerSe Innovation.
Builder.ai, an AI startup valued at $1.5B, is filing for bankruptcy amid accusations of inflating sales through fake transactions with VerSe Innovation, an Indian social media company.
Between 2021 and 2024, both companies allegedly exchanged invoices without exchanging real goods or services.
VerSe Innovation denies the claims.
The scandal has led to US prosecutors issuing a subpoena for detailed financial records from Builder.ai.
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Builder.ai, valorado en $1.5B, se declara en bancarrota en medio del escándalo de transacciones falsas con VerSe Innovation.