Tuesday 31 of January, 2023
Download SceneNow app
Copied

Egyptian Architecture Software Startup CONIX.AI Raises $1.3M Pre-Seed

The new funding will be used to expand to the KSA market and further product development.

Startup Scene

CONIX.AI, an architecture SaaS software company born in Egypt and based in the UK, has raised $1.3 million in a pre-Seed round led by BIM Ventures.

Founded in 2020 by Yusuf Fahmy, CONIX.AI uses artificial intelligence (AI) and generative design to provide real estate developers and architects with architectural designs. The designs can be created in a matter of minutes, instead of weeks, to fast-track development projects.

"We are transforming the architect's job, making their work more efficient,” Yusuf Fahmy, Founder and CEO of CONIX.AI, tells StartupScene. “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."

The startup enables users to evaluate the validity of building sites, assess several scenarios, and produce numerous design options for sites using its AI-based platform. It does this while optimizing spaces and considering the environmental impacts of its designs. 

According to CONIX.AI, recent studies show that less than 2% of residential buildings worldwide are designed by architects, demonstrating huge potential for the startup in this sector.

The new funding will be used to expand to the KSA market and further product development.