The Israeli start-up’s GenAI planning and visualisation platform instantly creates customised layout alternatives and 3D virtual tours
qbiq, a visualisation platform using GenAI for real estate space planning, has announced that it has raised $10 million in seed from strategic investors including JLL Spark Global Ventures, as well as 10D, Ocean Azul, Randomforest, and M-FUND. The funding will help the company develop its platform to use generative AI to unlock the potential of any space and accelerate decision-making during real estate planning. This new funding will also support qbiq’s growth and deepen its market presence in the US.
Technology in the real estate sector relies on space planning decisions based on questions of fit, cost, and ROI optimisation. This forces a quick turnaround time and intense planning capabilities that can help facilitate fast decisions. However, the industry has suffered from stagnation and is still primarily a long and manual process. This means that it falls on architects to apply specific requirements within any given space and also provide the best potential layout alternatives while striving to optimize for cost, utilisation, efficiency, abide by regulations, and more.
qbiq’s GenAI visualisation platform hopes to fix this bottleneck: it helps users input any space layout and design requirements and receive a planning package with multiple optimised layouts and 3D visualisations, suitable for any space. It helps brokers, landlords, and architects tailor their areas to any tenant while considering regulations, best practices, and cost - all in a matter of hours.
“In an industry where the last significant technological leap happened over 30 years ago, we are long overdue for the next one,” said Leeor Solnik, CEO and Co-Founder of qbiq. “We are excited to bring one of the most cutting-edge generative AI technologies to the real estate industry for the first time. Since launching last year, our users have already experienced a significant boost in deal cycles and deal closing rates. Together with our strategic investors, we look forward to paving the way to real industry transformation.”
