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Briq, the next building block in tech’s reconstruction of the construction business, raises $3 million – TechCrunch

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Bassem Hamdy has been in the construction business for a long time.

He spent the last few years at the construction software business Procore, now a $3 billion company developing technology for the construction industry, and now Hamdy is ready to unveil his next act as chief executive and co-founder of Briq, a new software service for the industry.

Hamdy started Briq with his own cash, amassed through secondary sales as Procore climbed the ranks of startups to reach its status as a construction industry unicorn. And the company has just raised $3 million in financing to fund its expansion.

“With enough secondaries you can afford to make your own decisions,” Hamdy says. 

His experience in construction dates back to his earliest days. Hailing from a family of construction engineers, Hamdy describes himself as a black sheep who went into the financial services industry — but construction kept pulling him back.

Beginning in the late nineties with CMIC, which was construction enterprise resource planning, and continuing through to Procore, Hamdy has had success after success in the business, but Briq is the culmination of all of that experience, he says. 

“As much as data entry helps people it’s data intelligence software that changes things,” says Hamdy. 

Briq chief executive Bassem Hamdy

The Santa Barbara, Calif.-based company is part of a growing number of Southern California technology startups building businesses to service large swaths of specific industries — specifically real estate and construction.

Already, Procore is a $3 billion behemoth, and ServiceTitan has become a billion-dollar company as well, with its software and services for air conditioning and appliance repairmen.

Now Hamdy’s Briq, with backing from Eniac Ventures and MetaProp NYC, is hoping to join their ranks.

“Bassem built and helped run the most successful construction software businesses in the world. It is rare and humbling to have an opportunity to help build a company from the ground up with an industry legend,” says Tim Young, founding general partner at Eniac Ventures . “The technology Bassem and his team are building will do something the industry has never seen before: break down data silos to leverage information in real time. Bassem has built and run the most successful construction software businesses in the world, and his knowledge of the construction space and the data space is second to none.”

The company, formerly called Brickschain, uses a combination of a blockchain-based immutable ledger and machine learning tools to provide strategic insights into buildings and project developments.

Briq’s software can predict things like the success of individual projects, where demand for new projects is likely to occur and how to connect data around construction processes.

Briq has two main offerings, according to Hamdy. ProjectIQ, which monitors and manages individual projects and workflows — providing data around different vendors involved in a construction project; and MarketIQ, which provides market intelligence around where potential projects are likely to occur and which projects will be met with the most demand and success.

Joining Hamdy in the creation of Briq is Ron Goldschmidt, an experienced developer of quantitative-based trading strategies for several businesses. Hamdy, a former Wall Streeter himself, has long realized the power of data in the construction business. And with the new tools at his disposal — including the blockchain-based ledger system that forms the backbone of Briq’s project management software, Hamdy thinks he has developed the next big evolution in technology for the industry.

Briq already counts Webcore, a major contractor and developer, as one of its clients, along with Kobayashi, Probuild, Hunter Roberts OEG and Gartner Builders. In all, the company has contracts with nearly 12 developers and contractors.

All of the insights that Briq can provide through its immutable ledger can add up to big savings for developers. Hamdy estimates that there’s roughly $1 trillion in waste in the construction industry.

Briq relies on IBM’s Hyperledger for its blockchain backbone and through that, the company has a window into all of the decisions made on a project. That ledger forms the scaffolding on which Briq can build out its projections and models of how much a building will cost, and how could conceivably be made on a project.

“Construction and infrastructure are integral to society, but the decision-making process behind how, when, where, and why we build is no longer working,” said Hamdy, in a statement. “We aren’t just solving a construction problem, we are solving a societal problem. If we are to meet the infrastructure needs of both the developed and developing world, we must improve our decision-making and analysis around the data we have. We are thrilled to have the support of Eniac Ventures as we enter the next phase of our journey.”

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NFL Sunday Ticket games may be coming to Apple’s streaming platform

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As the NFL’s 8-year Sunday Ticket deal with DirecTV nears its end, the football league is looking to Apple as its ideal replacement, according to a new report. Multiple companies are said to be prospective destinations for the League’s Sunday games, including Amazon (which is already home to Thursday Night Football), as well as Disney for ESPN.

The claim comes from sources speaking with The Athletic, which claims that the NFL wants Apple to be the new company behind its Sunday Ticket. The package is set to expire after nearly a decade with DirecTV, the league’s long-term partner. An Apple package may be a bit different than what DirecTV has, as well.

The insiders claim that an NFL Sunday Ticket under Apple may include some notable changes, including the potential for football fans to purchase a standalone game or even purchase all of the out-of-market games for one particular team. A more tailored approach like that would arguably be better for sports fans who may only be interested in select games.

The report cites a source who alleged that “everything is on the table,” but the NFL hasn’t confirmed any of the details and the report claims that nothing has been finalized at this time. It is possible the Sunday Ticket package won’t ultimately go to Apple, which likewise has remained quiet about the rumor.

The NFL is reportedly looking to get another $2 billion per year on top of the existing contract price, which is said to be around $1.5 billion yearly on average for DirecTV. It doesn’t look like AT&T will pen a new deal with the League to keep the Sunday Ticket. Amazon has already scored Thursday Night Football and it remains possible it may get the Sunday Ticket, as well.

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With iPhone 13 in hand, I miss Touch ID more than ever

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I’ve been traveling this past week, and the iPhone 13 Pro Max has been my trusty sidekick. Whether it’s boarding passes, camera duties, messaging, or keeping me occupied with ebooks and music, I’ve found myself staring at the excellent 120Hz ProMotion display a whole lot. Problem is, when the sensors above that screen stare back, they’re not seeing what they want to.

Face unlock – Face ID in Apple-world – has been a side victim of the coronavirus pandemic. Consistently wearing masks (along with regularly washing your hands, and being vaccinated) is one of the CDC’s big recommendations for avoiding COVID-19, and it’s a legal requirement when you’re in airports and on trains.

Having half your face obscured isn’t especially helpful to a system which relies on scanning it in order to unlock your iPhone. And, with how much I’ve been using the iPhone 13 Pro Max this week – and enjoying it, too, particularly the excellent cameras – its a hurdle I’ve been running into hundreds of times a day, if not more.

Apple’s workaround, of course, is a singularly Apple-y way of dealing with half-masked faces: you need to have an iPhone and and Apple Watch. The feature, launched earlier this year as an iOS 14 update, allows you to bypass security on the iPhone just as long as your Apple Watch is on your wrist and unlocked.

Now, leaving aside the fact that clearly not everyone who has an iPhone also has Apple’s smartwatch, this workaround actually held up pretty well. I’ve been using it on an iPhone 12 Pro Max since it was released, and while there were times it simply didn’t actually unlock, or would unlock without my intending it, it did make using iOS while masked more streamlined. Unfortunately, it’s not working any more.

Since switching to iOS 15 and the iPhone 13 Pro Max, I’ve lost the ability to unlock with Apple Watch. Trying to turn the feature on in the iOS settings simply gets me a “can’t create a secure connection with the Apple Watch” message. A quick search online confirms I’m not alone.

It looks to be an iOS 15 issue, not an iPhone 13 one, but since Apple’s latest version comes preloaded and you can’t downgrade it, anybody in the same situation as I am will probably find that distinction little comfort. I’ve tried all the “fixes” and suggestions listed online – rebooting the phone and the watch; updating to the latest software version of each; even unpairing the Apple Watch and then repairing it from scratch – and nothing works.

I’ve been traveling this week, so wearing a mask a whole lot, and it’s been a reminder of just how many times you need to unlock your phone. Even just checking the latest notifications, if you have iOS’ privacy feature which only reveals their content on the lock screen when iOS is unlocked, requires a PIN now. The iPhone 13’s screen notch may be smaller this generation, but that doesn’t really matter when Face ID can’t see enough of you to do its thing.

Meanwhile, I’m looking enviously over at devices like the new iPad mini, and its Touch ID sensor built into the power button. I can understand why Apple shifted away from a fingerprint scanner in the iPhone, and – when unmasked – I’m a big fan of Face ID. I particularly enjoy how it makes logging into apps, and unlocking payments, simple. Honestly, it took a global pandemic to get frustrated by it.

Rumors of a return of Touch ID to the iPhone have given plenty of people – myself included – a glimmer of hope about striking that balance of security and convenience again. Unlock with Apple Watch was generally functional, but still could be clunky in the same way that anything wirelessly-dependent (I’m looking at you, AirDrop) can periodically leave you longing for a physical alternative. Just as even that took its time arriving in iOS, however, it always seemed a fact of reality that if Apple really was intending to return a fingerprint sensor to its phones, that wouldn’t be in time for 2021.

SEE TOO: The iPhone 13 Pro Max’s 120Hz ProMotion Display is the real deal

As it stands, for a variety of reasons – not least vaccine holdouts – it looks like we’ll be masked-up well into 2022 and probably beyond. An iPhone 14 with a built-in Touch ID sensor probably will be just as relevant as an iPhone 13 would’ve been with that today. Talk about disheartening.

Security is, of course, one thing you should never compromise on. Tempting as it is to change the settings on my iPhone so that it waits a little longer to unlock, or shows the content of my notifications for anyone who glances at them on the lock screen, I know that’s a foolhardy thing to do. Instead, I’ll wait (semi) patiently for the inevitable iOS update which hopefully fixes iPhone unlock with Apple Watch, and punch in my regular PIN until that arrives.

All the same, I can’t help but wonder whether, as we rush to embrace new technology, being equally quick to leave behind what came before it might be a missed opportunity. I’m not someone who particularly mourns the loss of the headphone jack, but these past few days have certainly left me more sympathetic to those who discovered the tech world changed and, in the process, decided something that was important to them could actually be left behind.

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Peak Design Mobile modular magnetic accessory line launches in time for iPhone 13

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Peak Design released their full mobile ecosystem of magnetic and protective accessories today, coordinated with the launch of Apple’s iPhone 13. This collection was part of a Kickstarter back in December of 2020 and rolled out for general availability for the first time today. The mobile line starts with the “Everyday Case”, available for iPhone 11, 12, 13, and Samsung Galaxy S21.

Peak Design has a brand for name for the magnetic system they use with their smartphone case and accessories: SlimLink. SlimLink is a ceramic zirconia insert surrounded by custom tuned magnets that are inserted into each Peak Design Everyday Case.

This SlimLink system does not prohibit Qi standard wireless charging – so users will not need to remove their case in order to use a wireless charging pad. The Everyday Case is thin enough that wireless charging will work, and thick enough that it’ll protect a smartphone from harm.

Included in the launch collection of accessories are the Everyday Case, the Everyday Loop Case, and a wide variety of connecting peripherals. There is also a Universal Adapter that can be attached to third-party phone cases.

In the Peak Design Mobile collection at launch, there is a Car Mount, Motorocycle Bar Mount, Motorcycle Stem Mount, Out Front Bike Mount, Universal Bar Mount, and a Wall Mount. You’ll also find a Creator Kit, Mobile Tripod, Mobile Wallet, and a Wireless Charging Stand, right out the gate.

Take a peek at our previous features with Peak Design and let us know if you’re planning on attaching this series of accessories to your brand new device. We’ll be back with reviews of the lot once we get up close and personal with the cases and the accessories of all sorts!

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