U.S. prosecutors have subpoenaed Builder.ai’s former CFO as part of an ongoing investigation

U.S. prosecutors are currently investigating the collapse of Builder.ai, a Microsoft-backed startup. The company’s former chief financial officer has been summoned by U.S. authorities and is expected to appear before a grand jury to assist in the ongoing investigation into the AI firm’s sudden fall.

The subpoena, signed by Jay Clayton, the U.S. Attorney for the Southern District of New York, was issued to Andres Elizondo, Builder.ai’s former CFO. This legal action is part of an expanding probe into the financial collapse of the once high-flying artificial intelligence startup supported by Microsoft.

Elizondo served as the company’s chief financial officer from 2021 to 2023. Reports indicate that he was approached by FBI agents in August during a flight stopover in Dallas. He has since been ordered to appear before a grand jury in Manhattan in September.

Lawyers representing Builder.ai have not yet commented on the investigation. U.S. prosecutors continue to seek answers regarding the circumstances that led to the sudden downfall of the AI startup.
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