#USA #Tel Aviv #Insight Partners #qbiq AI #architectural solutions

qbiq AI Secures $16 Million Series A Funding

In a transformative move set to impact the architectural planning space, qbiq, an innovative artificial intelligence firm, has successfully closed a $16 million Series A funding round. This investment was spearheaded by Insight Partners, a prominent global software investor. The round also saw participation from firms including JLL Spark, 10D, Ocean Azul, Random Forest, and M-Fund. The influx of capital represents a strategic boost to qbiq as it seeks to meet the surging demand for its automated architectural solutions, which allow users to effortlessly generate design layouts and visualizations.

The Demand for Automated Solutions

Qbiq stands at the forefront of AI-driven architectural planning, having empowered its clients to generate over 400 million square feet of detailed designs in a fraction of the time it traditionally takes. The platform simplifies the complexities of architectural processes, enabling both architects and non-architects to optimize spaces by merely inputting basic requirements, such as the number of seats and material choices. This results in an extensive array of design outputs, including optimized floor plans, 3D visualizations, and comprehensive architectural programs.

The current funding will propel qbiq's mission to standardize automated architectural capabilities in the commercial real estate sector, making architectural planning more accessible and efficient for all stakeholders.

A Game-Changing Platform

Qbiq's groundbreaking technology streamlines the design process, significantly reducing the time required for decision-making and transactional processes in real estate. Before qbiq's intervention, creating detailed layout designs was a labor-intensive task, typically reliant on manual input using tools like AutoCAD. This laborious method often led to prolonged negotiation cycles and delays.

Qbiq's system, however, transforms this traditional approach. It enables clients—ranging from developers and brokers to tenants and architects—to visualize their space’s potential within minutes. Major clients such as Brookfield Properties, JLL, Skanska, and IWG are already leveraging qbiq to generate a broad range of architectural results quickly.

CEO and co-founder Leeor Solnik expressed his excitement about the investment, marking a significant step toward expanding qbiq's global footprint. The company has more than quadrupled its initial goal of serving 100 million square feet of design output since its launch, heading towards an impressive one billion square feet.

Insight Partners' Role in the Journey

Liad Agmon, General Partner at Insight Partners, emphasized the critical role of qbiq's technology in revolutionizing architectural workflows, citing his own experiences managing office relocations as a former CEO. He noted how qbiq simplifies and expedites the decision-making process, thus saving valuable time and resources for all parties involved.

As qbiq embraces this new phase of growth, it hopes to eliminate the reliance on outdated, manual architectural workflows that have persisted for decades. The introduction of AI-driven solutions is set to redefine how architectural planning is approached, fostering an era of enhanced efficiency and productivity.

Future Prospects

Founded in 2019, qbiq is harnessing generative AI to democratize architectural planning on a global scale. With headquarters in Tel Aviv and offices in New York and Miami, the company has dramatically reshaped how hundreds of clients across the world approach real estate transactions. The future looks bright for qbiq as it continues to innovate and expand its offerings in the architectural technology space. For more information on their services and solutions, visit qbiq.ai.

This funding round marks yet another leap forward for qbiq, solidifying its position as a leader in the automated architectural planning space, equipped to handle the growing demands of the real estate industry as it seeks efficiency and effectiveness.