Qbiq Secures $16M to Revolutionize Architectural Design with AI

Qbiq raises $16M to automate architectural design and visualization with AI - SiliconANGLE

Qbiq raises $16M to automate architectural design and visualization with AI Israeli startup QbiqAI Ltd. said today it has closed on a $16 million early-stage funding round to fuel its bid to transform architectural planning with artificial intelligence smarts. The Series A round was led by the New York-based venture capital firm Insight Partners, and saw participation from the likes of JLL Spark, 10D, Random Forest, M-Fund and Ocean Azul. Qbiq's AI software aims to do two things. On the one hand, it enables basically anyone to become an architect, providing them with the tools they need to plan, visualize and optimize any interior space. At the same time, it caters to professional architects who know what they're doing, offering a complete design package that includes everything from optimized floor plans to 3D visualizations, computer-aided design, modeling tools and material quantity estimates. By combining all of these capabilities into a single platform and using generative AI to make it all accessible, Qbiq believes it can dramatically simplify the complexities of architectural design. In other words, it's making life easier for qualified architects, while simultaneously enabling brokers, landlords and contractors to participate in the process, too. The startup says traditional architectural planning remains extremely inefficient, with architects forced to use an array of different tools. For instance, the process of designing an interior space's layout is normally done using tools such as AutoCAD, but these are incredibly complex to use and also very time-consuming, with users forced to design rooms line by line. Another problem with AutoCAD is that once the design is complete, it can be difficult to interpret the finished plans, especially if the person trying to do so lacks a background in architecture. Then there's the need to use separate tools to create visualizations such as rendered tours and images, which can take many weeks to create and require a different skillset. Qbiq does all of this and more, and it also makes it easy, using AI assistance to walk even novices through the process, while suggesting ideas and automating much of the work involved. Users can simply tell it their vision, create a rough design, and Qbiq will take those inputs and transform it into a proper 3D visualization in a matter of minutes. Holger Mueller of Constellation Research Inc. told SiliconANGLE that architectural design is an ideal use case for generative AI, since much of the work involves documents, which is the forte of many AI models. "Generative AI can clearly help with generating architectural plans and designs and Qbiq is leading the way forward with a working platform that has already proven its worth," he said. "The Series A funding validates its software, and soon we will see if it's able to democratize and simplify architectural creation and visualization processes." The startup says customers, including the real estate management firm Brookfield Properties LLC and Swedish multinational Skanska AB, have already used its tools to create more than 400 million square feet of architectural layouts and visualizations. It says it has managed to accelerate this process in every case, helping reduce deal cycles and ensure projects are finished on schedule. That's one reason why it has managed to grow its customer base by more than tenfold in the last year Qbiq co-founder and Chief Executive Leeor Solnik said that when the company launched in 2023, he had hoped to reach 100 million square feet within the first year. "Many thought this was unrealistic, but by 2024 we had already quadrupled that goal and are now speeding toward the 1 billion-square-foot mark," he said. Insight Partners Managing Director Liad Agmon said his experience as a CEO means he understands the problems within the architectural design industry and the need to optimize office spaces to meet the particular requirements of each organization. "Planning a vacant office space was always a tedious and lengthy process that would take weeks, involving lots of back-and-forth between our team, our landlords and our architects," he recalled. "I was impressed by how elegantly Qbiq solves these problems, saving valuable time and money for all parties involved." Qbiq said the funding will help it to achieve its goal of standardizing automated architectural design in the commercial real estate industry, in order to accelerate the planning process and make it more accessible for nondesigners.

qbiq AI Raises $16M Series A Led by Insight Partners to Meet Booming Demand for Its Automated Architectural Solutions

Enter your email to get Benzinga's ultimate morning update: The PreMarket Activity Newsletter AI for Architectural Planning that allows users to effortlessly generate layout plans and visualizations to further accelerate global adoption; users generate over 400 million square feet in record time TEL AVIV, Israel, Jan. 15, 2025 /PRNewswire/ -- qbiq, the largest and one of the first AI companies focused on automating architectural planning, today announced the closing of a $16 million Series A round led by global software investor Insight Partners. The round included participation from JLL Spark, 10D, Ocean Azul, Random Forest and M-Fund. qbiq's software enables non-architects and architect users alike to immediately plan, visualize and optimize any given space. With a simple input of requirements - from seat count to finish materials - qbiq's AI generates a complete design package including optimized floor plans, 3D visualizations, architectural programs, quantity estimates, Revit/CAD models and more. qbiq transforms complex design processes into easy-to-use solutions that can dramatically accelerate decision-making and transactions for brokers, landlords, tenants, architects, general contractors, and co-working chains. The investment will drive qbiq's mission to standardize automated architectural capabilities in commercial real estate, making architectural planning faster, accessible, and more efficient for non-designers and designers alike. A New Era of Automated Architectural Capabilities Since launch, qbiq's customers have created over 400 million square feet of architectural layouts and visualizations in hours, replacing weeks or even months of manual work to accelerate decision-making and reduce deal cycles. The customer base has grown more than tenfold and qbiq continues to see increasing demand. "When we officially launched in 2023, I discussed reaching 100 million square feet delivered to clients as a KPI. This was thought by many to be unrealistic. By 2024 we had already quadrupled that goal and are now speeding towards the 1 billion square foot mark," says Leeor Solnik, qbiq's CEO & Co-Founder. "Joining forces with Insight Partners is a big milestone for qbiq, enabling the acceleration of our global expansion and paving our way towards a real industry transformation." Liad Agmon, Managing Director at Insight Partners, led the investment in qbiq and will join the company's board of directors. "When I was CEO, we would have at least one major office move per year across our global offices. Understanding whether a vacant space would be optimal for our needs was a tedious and lengthy process that would often take weeks and involve back and forth between our team, landlords, and our architects. I was impressed by how elegantly qbiq solves this problem, saving valuable time and money to all parties involved." said Agmon. "With qbiq, we're witnessing a game-changing shift -- helping define a new era of automated architectural planning." Ending the decades-long dependency on manual architectural workflows qbiq tackles one of real estate's biggest pain points: the inefficiency of traditional architectural planning, which leads to delays and prolonged deal cycles. For decades, creating layouts involved slow, manual work using tools like AutoCAD, with architects solving complex design problems line by line. Even after completing a layout, interpreting it can be challenging -- especially for those without a design background. Creating clarity through visuals, such as rendered tours and images, is a costly, months-long process, making it impractical for most deals and projects. qbiq has created one of the first Architectural AI platforms that allows brokers, landlords, architects, general contractors, and tenants to easily envision the full potential of any space in minutes, while considering basic or complex requirements. Customers such as Brookfield Properties, JLL, Skanska and IWG are able to easily create a wide range of architectural outputs for any space in minutes. These outputs include architectural programs, programmatic or conceptual layouts, high-resolution rendered tours and images, quantity takeoffs CAD/Revit models and more. About qbiq qbiq leverages generative AI to automate and democratize architectural planning at any scale. With qbiq, tenants make highly informed decisions, brokers close deals and projects faster, landlords increase ROI from reduced vacancies due to shorter deal cycles and architects can boost their planning capacity. Founded in 2019 by Leeor Solnik, Elad Kaminer, Noam Diamantstein and Roey Granot. qbiq is headquartered in Tel Aviv, with offices in New York and Miami. To date, qbiq has delivered over 400 million square feet of plans, transforming real estate transactions for hundreds of clients globally. For more information, visit qbiq.ai. About Insight Partners Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of June 30, 2024, the firm has over $80B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on X @insightpartners. View original content to download multimedia:https://www.prnewswire.com/news-releases/qbiq-ai-raises-16m-series-a-led-by-insight-partners-to-meet-booming-demand-for-its-automated-architectural-solutions-302347354.html SOURCE qbiq Market News and Data brought to you by Benzinga APIs