qbiq AI Secures $16 Million in Series A Funding to Revolutionize Architecture Planning
Deal News | Jan 15, 2025 | PR Newswire Cision qbiq
qbiq AI, based in Tel Aviv, has raised $16 million in Series A funding led by Insight Partners, with participation from JLL Spark, 10D, Ocean Azul, Random Forest, and M-Fund. This funding aims to enhance qbiq's automated architecture planning software, which enables both architects and non-architects to swiftly generate design plans and visualize spaces. The technology has streamlined over 400 million square feet of architectural design, reducing manual work and speeding up decision-making processes significantly. qbiq's platform caters to various real estate professionals, enabling quick space assessments, and has attracted interest from clients like Brookfield Properties and Skanska. Insight Partners sees this investment as a pivotal step toward global expansion and industry transformation.
Sectors
- Artificial Intelligence
- Real Estate Technology
- Venture Capital
Geography
- Israel – qbiq AI is headquartered in Tel Aviv, making Israel a primary geographic focus of the article.
- United States – Insight Partners, the lead investor, is based in New York, and qbiq also maintains offices in New York and Miami, highlighting the U.S. relevance.
- Global – The article mentions global expansion and the international client base of qbiq AI, indicating a broader geographic impact beyond specific countries.
Industry
- Artificial Intelligence – The article centers on qbiq AI, a company utilizing artificial intelligence to automate architectural planning, highlighting the role of AI in transforming design processes.
- Real Estate Technology – qbiq's platform is specifically tailored for the commercial real estate sector, facilitating fast and effective architectural planning, making real estate technology a key industry.
- Venture Capital – The article discusses a venture capital financing event, with Insight Partners leading a Series A round, marking its relevance to the venture capital industry.
Financials
- 16 million dollars – The amount raised by qbiq AI in its Series A funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| qbiq AI | Target Company | Company | A leading AI company focused on automating architectural planning, headquartered in Tel Aviv. |
| Insight Partners | Lead Investor | Company | A global software investor leading the $16 million Series A funding for qbiq AI. |
| JLL Spark | Investor | Company | A participant in the Series A funding round for qbiq AI. |
| 10D | Investor | Company | A participant in the Series A funding round for qbiq AI. |
| Ocean Azul | Investor | Company | A participant in the Series A funding round for qbiq AI. |
| Random Forest | Investor | Company | A participant in the Series A funding round for qbiq AI. |
| M-Fund | Investor | Company | A participant in the Series A funding round for qbiq AI. |
| Leeor Solnik | CEO and Co-founder | Person | CEO and co-founder of qbiq AI. |
| Liad Agmon | Investor & Board Member | Person | Managing Director at Insight Partners and will join the board of qbiq AI. |