- HQ
- Santa Barbara, USA
- Company size
- 51-200
- Funding raised
- $51M+ (as of 2024 extension)
- Lead investors
- Tiger Global Management, Blackhorn Ventures, Eniac Ventures
- Team location
- Latin America
- Cooperation time
- since 2025
- Product
- AI-powered financial automation platform for construction
- Notable clients
- Bayley Construction, Metro Walls, Accel Air Systems, SphereNY, Vantage Builders, Catamount Constructors
Briq is a California-based AI automation platform built for the construction industry. Its AutoPilot and CoPilot products automate financial and operational workflows, including budgeting, forecasting, reporting, accounts payable, and payroll, for hundreds of general and specialty contractors, primarily across North America. Briq has announced at least $51 million in funding and was valued at $150 million in its January 2024 funding round.
Issue
Briq had decided to expand into LATAM. The market made sense – skilled engineers, timezone alignment, meaningful cost efficiency. Getting there compliantly did not.
No legal entity in Mexico. No local payroll. No established way to hire contractors without risking misclassification under Mexican labor law. For an AI company focused on building its own automation platform, spending runway untangling foreign labor law wasn’t the plan.
The problem wasn’t finding developers. It was finding a way to hire them that wouldn’t create legal exposure the moment the first contract was signed.
Briq needed one partner who could handle the compliance mechanics of contractor employment in Mexico from day one – not a recruiter who’d hand off the paperwork, and not a payroll platform that would leave sourcing to Briq.
Solution
Briq had already found where it needed to go. Alcor was the how.
Alcor already had established, compliant infrastructure running in Mexico – ready for Briq to plug into immediately. Entity setup and local presence were already handled, so that Briq could move straight to hiring.
Every hire was structured as a compliant B2B contractor engagement, with agreements reviewed to close off misclassification risk under Mexican labor law – the exact exposure Briq couldn’t afford. The compliance work was done before Briq’s name was on a single contract.
Alcor’s recruiters moved fast without cutting corners – closing 5 Automation Java Developer roles in under 6 weeks each, then filling a Middle Support Engineer role – backfilling it at no cost to Briq when the first hire resigned.
Instead of coordinating recruiters, a separate payroll provider, legal counsel, and an equipment vendor, Briq works with one accountable partner for all of these – freeing leadership to stay focused on growing the business rather than managing vendors.
RESULTS:
Build Your AI Engineering Team in 30 Days
No vendor chaos. 0 compliance risk. No more recruiting delays.
Alcor Helped Build the Foundation for Everything That Followed
Briq founded in Santa Barbara, California
Raises $10M Series A led by Blackhorn Ventures, then $30M Series B led by Tiger Global Management
Raises $8M extension, reaching $150M valuation and $51M disclosed funding to date
Partners with Alcor to launch a Mexico contractor team
Grows to 7 hires supporting Otto’s product development
Use our calculator to estimate your team budget before any conversation starts
Clients Love Us. Teams Do Too.
“The Alcor team has always been supportive and approachable whenever assistance was needed. Rather than feeling like an external resource, engineers working through Alcor are able to integrate closely with the client’s teams. This creates a more collaborative environment and allows engineers to have a greater impact.”
“My overall experience has been outstanding. Alcor’s model offered the right balance — strong operational support combined with genuine ownership and long-term collaboration. In this model, I am a core member of the team. Rather than rotating between projects, I can invest meaningfully in improving the product and establishing processes that deliver lasting value.”
“Whenever I’ve had tricky bank requests or needed extra documentation, Alcor has resolved everything rapidly. I also love their support with business trips and expense tracking—it’s incredibly convenient. Their team is always available via messenger and ready to help. Highly recommended for anyone who wants a hassle-free professional life!”
“Alcor has been a reliable partner throughout, especially in complex situations. Issues are resolved quickly — often within minutes or hours. Their ability to adapt and support us in complex situations has made a real difference for our team.”
