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qbiq Analysis: $16M Raised

What is qbiq?

qbiq provides automated architectural capabilities powered by AI, enabling users to reimagine spaces in minutes. The platform is utilized by architects, landlords, tenants, and real estate service providers to generate architectural outputs quickly and efficiently. It has delivered over 500 million square feet of space planning and rendered tours across 62 countries.
Employees
51-200
Founded
2019
Industry
PropTech, AI/ML, SaaS
Valuation
$6.0M
Latest Funding Amount
$16,000,000
Latest Funding Round Size
$16.0M

Product Features & Capabilities

  • Space Planning
  • Multi Floor Space Planning
  • Program Generator
  • Themes & Finishes
  • Rendered Tours
  • Rendered Images
  • Revit & CAD Model Generation
  • Quantity Takeoff
  • Customized Planning Engine
  • Admin Interface
  • Iterations
  • Marketing Suite
  • Area Calculation

How much qbiq raised

Funding Round - $16.0M

Recent

Other Considerations

Serves clients in 62 countries; Trusted by hundreds of users daily; Generated 11,000 fly-throughs; Validated by in-house architects; Recognized for rapid space planning capabilities

Trade Show Presence

qbiq participated in BOMA 2024, which will take place from July 13 to July 16, 2024. They will be located at Booth #1451, showcasing their AI planning and visualization solution that significantly reduces space planning turnaround time from weeks to minutes.

Gtm Strategy

qbiq employs a sales-led growth strategy, as evidenced by the structure and content of their website. Upon visiting the homepage, visitors are encouraged to book a demo to "See it in Action," which indicates a focus on engaging potential customers through personalized demonstrations rather than offering immediate self-service sign-up options. This approach suggests that qbiq prioritizes high-touch interactions, allowing potential clients to experience the platform's capabilities firsthand, particularly in the context of architectural planning.

The absence of publicly displayed pricing information further supports this sales-led model, as it implies that pricing discussions are reserved for direct interactions with sales representatives. This strategy is often indicative of a focus on larger enterprise deals rather than catering to small teams or individual users who might prefer transparent pricing structures.

Customer testimonials featured on the website reinforce the effectiveness of qbiq's platform, with statements highlighting how it has transformed the way clients showcase properties and manage space planning. This feedback suggests that qbiq's solution is well-received in the market, which is crucial for building trust and credibility in a sales-led approach.

Additionally, the presence of educational resources such as case studies and a blog indicates that qbiq invests in informing potential customers about their product's applications and benefits. This content not only serves to educate but also to nurture leads through the sales funnel, aligning with a strategy that emphasizes informed decision-making and relationship-building.

In summary, qbiq's go-to-market strategy is characterized by a sales-led approach, focusing on high-touch relationships, personalized demonstrations, and educational content to drive customer engagement and conversion. This strategy reflects their commitment to optimizing for larger contract values and structured sales cycles rather than rapid user adoption and virality.

Reported Clients

qbiq has collaborated with several notable clients, including AmTrust, Upscale Architects, Cushman & Wakefield, and JLL. These partnerships have involved various projects that leverage qbiq's AI-driven architectural capabilities. For instance, AmTrust utilized qbiq to enhance their leasing process, while Upscale Architects reported a fivefold increase in leasing rates through their use of qbiq's technology. Cushman & Wakefield noted that qbiq helped them close more business, and JLL emphasized the ability to deliver architectural plans in just 24 hours, showcasing the efficiency and effectiveness of qbiq's solutions in real estate and architectural planning.

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