qbiq, a visualization 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 U.S.
Technology in the real estate sector relies on space planning decisions based on questions of fit, cost, and ROI optimization. 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, utilization, efficiency, abide by regulations, and more.
qbiq’s GenAI visualization platform hopes to fix this bottleneck: it helps users input any space layout and design requirements and receive a planning package with multiple optimized layouts and 3D visualizations, 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.”
qbiq’s platform is based on multiple layers of technology, including an AI layer that has data relating to architectural planning data and best practices, geometrical optimization engines, and parallel cloud computing. Users submit their design preferences and then thousands of AI-generated designs are produced alongside 3D virtual tours that can provide a full visualization of the new space.
The company was founded in 2019 by Solnik, Elad Kaminer, and Noam Diamantstein, all of whom have extensive experience in bringing disruptive technologies to market. qbiq is headquartered in Tel Aviv with offices there as well as in New York and Miami. To date, qbiq has already delivered over 150 million square feet of AI-designed office space layouts to hundreds of users globally, including JLL, CBRE, Colliers International, Cresa, Perkins & Will, AECOM, Avison Young, and more.