qbiq, a Tel Aviv, Israel-based provider of a generative AI and visualization platform for space planning, raised $10M in Seed funding.
The round was led by JLL Spark Global Ventures as well as 10D, Ocean Azul, Randomforest and M-FUND.
The company intends to use the funds to expand its market presence in the US.
Founded in 2019 by Elad Kaminer and Noam Diamantstein, and Leeor Solnik, qbiq provides generative AI that creates space plans and 3D virtual tours. The platform allows its users to input any space layout and design requirements and receive a full planning package with multiple optimized layouts and 3D visualizations, comprehending the potential of a particular space.
The system is based on multiple layers of technology, including an AI layer that is loaded with a vast amount of architectural planning data and best practices, geometrical optimization engines, parallel cloud computing and a regulation layer. Once users submit their preferences on the platform, the AI engines generate thousands of different alternatives and compare the results within seconds. When the optimal alternative is finalized, the platform automatically produces high-res 3D virtual tours, enabling full visualization of the new space from the inside.
With it, tenants can make informed decisions, brokers close more deals faster, landlords increase ROI from reduced vacancies due to shorter deal cycles, and architects can boost their planning capacity. Users include JLL, CBRE, Colliers International, Cresa, Perkins & Will, AECOM, Avison Young and many more.
The company has offices in New York and Miami.
FinSMEs
20/09/2023