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Briq

Can an AI-native financial workflow platform become the operating system for construction company finance — replacing manual processes across budgeting, AP, and payroll with autonomous digital workers?

Founded2018
HQSanta Barbara, CA (Delaware corporation)
FoundersBassem Hamdy, Ron Goldshmidt
Total raised$51M+
Latest roundSeries B extension, January 2024
Valuation$150M post-money (2024)
IndustryVertical SaaS / Construction
The story

Founded in 2018 as a construction-focused financial planning and analytics platform, Briq initially targeted manual budgeting inefficiencies in construction firms. After raising a significant Series B in 2021, the company expanded into broader financial workflow automation including accounts payable and payroll. By 2024–2025, Briq pivoted toward an AI-first identity, launching the Otto AI Autonomous Work Platform with 'Digital Workers' — autonomous bots that execute financial tasks — repositioning from a SaaS analytics tool to an AI-driven financial OS for construction companies.

Last 12 months
2024-01
2025-09
Product timeline
2018
Founded as brickschain construction services Inc. DBA Briq, targeting financial planning and workflow automation for the construction industry.· pivot
2020
Raised $10M Series A to expand financial analytics and AI-driven forecasting for construction firms.· banking
2021
Raised $30M Series B led by Tiger Global, validating Briq as a leading ConFinTech platform for construction financial management.· banking
2024
Raised $8M extension at $150M valuation; launched Otto AI Autonomous Work Platform with Digital Workers for construction financial workflows including accounts payable and payroll automation.· pivot
2025
Rebranded core product as Otto AI Autonomous Work Platform; Terms of Service updated to reflect AI-driven autonomous financial workflow automation for construction.· pivot
The stack
3 layers disclosed in Briq’s embedded-finance stack
Banking / BaaS
Blue Ridge Bank
Sponsor bank
in the full report
Accounting
in the full report
Accounting gap: minor
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.