Briq, a Santa Barbara-based startup specializing in AI-driven financial automation for the construction industry, recently secured an additional $8 million in funding, elevating its valuation to $150 million. This extension round highlights the growing interest in integrating AI into construction finance management. Briq’s innovative approach leverages artificial intelligence to streamline financial processes, aiming to enhance efficiency and accuracy in construction project management and budgeting. This funding boost is set to further propel the company’s mission to modernize and optimize financial operations within the construction sector, marking a significant step forward in the intersection of AI technology and the construction industry.

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