AI-Enabled Briq Raises Next Round Despite Investor Focus on InfraTech

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While times are uncertain for startups looking to raise capital in the AEC industry, infrastructure technology has been a relatively sure bet for investors and one that extensively propelled built-world venture capital funding to another record year in terms of inflows.

Nonetheless, AI-enabled companies are also receiving considerable attention. Briq, a platform that uses AI to automate business workflows, was the most recent illustration of this with the recent announcement that they raised an additional $8M Series B+ extension, on top of their initial $30M Series B announced on in 2021.

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Check out the Venture Dashboard to see AEC venture investments in real-time. Technology categories include ConTech, Building Tech, and InfraTech, with solutions in mission-critical areas like supply chain management, jobsite visibility, new materials, 3D printed building, robotics, building management & more.

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BuiltWorlds members Blackhorn Ventures, which co-led the round, and MetaProp, whose CEO Aaron Block is set to join Briq's board, participated in Briq's $8M Series B+, and continue to be active participants and engaged members of the BuiltWorlds ecosystem. In fact, Blackhorn Ventures, MetaProp, and Briq are all set to speak at BuiltWorlds' 2024 Venture West Conference in San Francisco, CA (April 3-4).

As it happens, a third BuiltWorlds member, the Nemetschek Group, has recently announced that they, too, invested in Briq.

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Beyond participation at in-person events, Briq has engaged with the BuiltWorlds community virtually through our weekly Analyst Call Series! Bassem Hamdy was joined by Ciaran Brennan, CEO of LiveCosts.com, to discuss the role of FinTech solutions in construction at an event titled Demystifying Construction Cashflow. Click here to watch the recording and read the summary.

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