Briq, a startup that uses AI to automate finances in construction, brings in $8M extension at a $150M valuation
Briq, which has built a platform designed to allow all departments of a construction company to automate financial workflows such as accounts payable and payroll, has raised $8 million in an extension round at a $150 million valuation. The company opted to “wait out the market,” and raise a smaller dollar amount with less dilution at a flat valuation rather than go out and try to raise a Series C, said CEO and co-founder Bassem Hamdy in an interview with TechCrunch. MetaProp, whose managing partner Aaron Block is set to join Briq's board, co-led the round alongside Blackho...
Source: yahoo.com
