CONIX.AI, a UK-based and Egypt-born design tech company announced that it closed $1.3 million in a pre-seed funding round led by BIM Ventures, for their expansion into Saudi Arabia and further product development.
Saudi Arabia was the market of choice for CONIX.AI to begin its global commercial activities due to the region's enormous growth potential in the real estate industry.
Yusuf Fahmy, founder, and CEO of CONIX.AI stated: "We are transforming the architect's job, making their work more efficient. With CONIX.AI, architects can provide their clients with several custom-made iterations to choose from on the same day! Also, real estate developers can take investment decisions instantly using CONIX.AI internally with their in-house architectural team."
It uses artificial intelligence and generative design to provide complete architectural designs to real estate developers and architects in minutes rather than weeks.
CONIX.AI will enable users to quickly evaluate the validity of building sites and assess multiple scenarios in just a few minutes, produce several design possibilities for a given site up to the smallest details, and optimize spaces while considering the environmental aspects.
Round: pre-Seed Round
Funding Month: November 2022
Lead Investors: BIM Ventures
Company Website: https://conix.ai/
Software Category: Architecture SaaS software
About the Company: Founded in 2020 by Yusuf Fahmy, CONIX.AI is an architecture SaaS software helping real estate developers design their projects using AI technology. CONIX.AI enables real estate developers and architects to generate designs and adaptive materials through its platform using its AI-based solution. It enables users to evaluate the validity of building sites and assess multiple scenarios in just a few minutes, produce design possibilities for a given site, and optimize spaces while simultaneously lowering the environmental impact. The company's platform offers fully complete solutions for the architectural design of residential and commercial properties. CONIX.AI will save you time and effort, resulting in quick and data-driven decisions.