The startup last announced a fundraise in June of 2021 a $30 million Series B financing led by Tiger Global Management.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.Tiger Global doubled down on its investment in Briq by contributing to the extension. MetaProp, whose managing partner Aaron Block is set to join Briqs board, co-led the round alongside Blackhorn and Eniac. It also introduces end-user coaching and risk detection to help contractors and project managers avoid cost overruns, missed change orders, and other financial risks that are introduced in the course of a job, Hamdy said.The end result, Briq claims, is that companies are able to reduce overhead costs and increase their profit margins. But Briq has turned that on its head and introduced to construction the idea that robots can be used in the back office to manage cost, process payroll, run forecasts, and perform all sorts of other mundane but super important tasks, he said in a statement. Thats really where were moving forward strongly on.Looking ahead, Hamdy is excited about the possibility of using conversational AI to instruct financial transactions.Thats coming in 2024, he said.Want more fintech news in your inbox?