become impoverished

May 22 (Bloomberg) -- Builder.ai, a British tech startup that was one of the most funded tech startups in the United Kingdom, has announced that it is entering bankruptcy proceedings. Headquartered in London, Builder.ai is a company that specializes in using artificial intelligence technology to streamline the app and website development process. The company, which claimed that its technology could make the development process "as easy as ordering a pizza," was backed by a number of top-tier investors, including Microsoft and Qatar's sovereign wealth fund, and raised more than half a billion dollars in cumulative funding (note: $3.601 billion at current exchange rates...).