Briq: Financial Automation and 'Digital Workers' (AI) to Optimize the Construction Back-Office
Corporate Profile and Leadership in FinOps
Identity and Foundational Data
Briq, Inc. is a pioneering technology company that operates at the convergence of FinTech (Financial Technology) and ConTech (Construction Technology). Founded in 2018 and headquartered in Santa Barbara, California, the company specializes in automating critical financial processes. Under the leadership of CEO and co-founder Bassem Hamdy—an industry veteran with previous experience at Procore and CMiC—and co-founder Ron Goldshmidt, Briq has transformed the flow of accounting data into operational intelligence.
In 2024, the company secured a US$8 million financing extension, reaching a valuation of US$150 million. With the backing of investors such as Tiger Global Management and Nemetschek Group, Briq has scaled its staff to a team of approximately 200 professionals. Its focus is on eliminating data fragmentation through an 'intelligence layer' that unifies existing ERP and project management systems.
Otto Platform: The Autonomous Workforce
Otto and the Evolution of Digital Workers
In September 2025, Briq launched 'Otto', its autonomous workforce platform designed to act as a proactive AI assistant. Unlike static automation tools, Otto can execute tasks, delegate work, and analyze profitability metrics. This technology uses extensive language models (LLM) and reasoning logic to perform actions within software systems without constant human intervention, running 24/7 with a reported accuracy of 94%.
Briq's 'Digital Workers' operate under three cognitive pillars: 'See' (interpret documents and screens), 'Think' (process business rules and predict anomalies) and 'Act' (execute cost codes, create budgets or process payroll). This capability allows construction companies to scale their operations without proportionally increasing their administrative costs, saving thousands of hours per month on manual data entry tasks.