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How Briq Reached 600 Customers and About $20M With 135 Employees

Bassem Hamdy explains how Briq prices software robots by the month, survived the 2021 funding boom and cut its team from about 350 to 135.

Bassem Hamdy · Briq

Published July 29, 2025
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What you’ll learn

Nathan Latka talks with Bassem Hamdy, CEO and co-founder of Briq, which builds software robots that handle back-office work such as accounts receivable and payable. Hamdy explains how Briq charges $2,000-$5,000 a month per robot, reached about 600 customers and cash flow breakeven, and cut headcount from about 350 to 135 after the 2021 funding boom.

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Key moments

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Scale of the robot workload

“We're about 600 customers now. We did 2,600,000 automation minutes last month alone, 45,000 person hours.”
Watch at 02:56

Reaching cash flow breakeven

“we lived through those roaring 20s and had to get to cash flow breakeven, which we did at the end of last year.”
Watch at 03:04

Burn during the 2021 boom

“We're about a million a month. So we're in there burning a million a month.”
Watch at 05:15

Doubling with the same headcount

“I'd like to double the size of the company in the next three years with that... With the same headcount.”
Watch at 09:01

Price of the first robot

“I think we charged them, like, $12,000 for the entire project.”
Watch at 12:10

Resource files

About the speaker

Bassem Hamdy

CEO & Co-Founder · Briq

Company revenue
$20M

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