qbiq AI Secures $16M to Revolutionize Architectural Planning
Deal News | Jan 15, 2025 | PR Newswire Cision qbiq
In a significant funding milestone, qbiq AI, an Israeli firm specializing in automating architectural planning, has raised $16 million in a Series A funding round led by Insight Partners. The funding round saw contributions from JLL Spark, 10D, Ocean Azul, Random Forest, and M-Fund. qbiq's AI-based software allows users to swiftly generate comprehensive architectural plans and visualizations, addressing longstanding inefficiencies in traditional planning workflows. By automating complex design processes, qbiq facilitates faster decision-making and shortens deal cycles for various real estate stakeholders, including brokers, landlords, and architects. Since its launch, the company has seen exponential growth, having helped design over 400 million square feet of layouts globally. This infusion of capital will support qbiq's continued expansion and further development of its platform. Insight Partners' Managing Director, Liad Agmon, noted the transformative potential of qbiq's solutions and will join the company's board to aid its strategic growth.
Sectors
- Artificial Intelligence
- Architecture and Design
- Real Estate
Geography
- Israel – qbiq is headquartered in Tel Aviv, Israel, making this the primary geographical focus of the article.
- USA – The company has offices in New York and Miami, reflecting its operational expansion into the USA.
Industry
- Artificial Intelligence – The article discusses qbiq AI's automated architectural planning solutions, making AI a crucial component of their technology offering.
- Architecture and Design – qbiq focuses on developing architectural planning tools, making this sector highly relevant to their operations.
- Real Estate – The application of qbiq's tools directly impacts real estate processes by streamlining planning and visualizing spaces.
Financials
- $16 million – The amount raised by qbiq in its Series A financing round.
- $80 billion – The regulatory assets under management held by Insight Partners as of June 30, 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| qbiq | Target Company | Company | An AI company focused on automating architectural planning processes. |
| Insight Partners | Lead Investor | Company | A global software investor leading the Series A funding round for qbiq. |
| JLL Spark | Investor | Company | A strategic investor and part of the funding round for qbiq. |
| 10D | Investor | Company | A participant in the funding round investing in qbiq. |
| Ocean Azul | Investor | Company | An investor participating in the financial round of qbiq. |
| Random Forest | Investor | Company | An investment firm involved in the Series A round for qbiq. |
| M-Fund | Investor | Company | An investment firm contributing to qbiq's funding round. |
| Leeor Solnik | CEO & Co-Founder | People | CEO and Co-Founder of qbiq. |
| Liad Agmon | Managing Director | People | Managing Director at Insight Partners, led the investment in qbiq. |