BRKZ raises USD $31m to expand AI procurement platform

BRKZ has raised USD $31 million in fresh funding, including equity and debt from Wa'ed Ventures, 500 Global and Stride Ventures.

The Riyadh-based construction technology company said the funding comprises a USD $13 million Series B equity round and a USD $18 million growth debt commitment. BECO Capital and Anb Seed Fund also joined the equity raise, while the debt falls under a previously announced USD $30 million venture debt facility from Stride Ventures.

BRKZ will use the money to expand its building materials procurement platform across Saudi Arabia and the Gulf, while investing further in artificial intelligence systems for pricing, quotations and fulfilment. It also plans to widen cross-border sourcing routes with manufacturing markets including China and India, and extend financing options for contractors and suppliers on its platform.

The company operates in a part of the construction market that remains heavily manual, where contractors often rely on fragmented supplier networks, individual price negotiations and separate logistics arrangements. BRKZ brings sourcing, logistics and commercial terms into a single procurement process for local, imported and raw materials.

Growth has been rapid. Revenue rose 2.5 times in 2025 and is expected to triple in 2026, according to the company. It now serves more than 1,500 contracting companies and 150 building materials factories through a supplier base of about 2,100 local and international businesses.

Since its founding, BRKZ has sold more than USD $133 million of building materials and processed more than USD $1.37 billion in requests for quotations through its platform. Those figures underline both the scale of the Saudi construction market and investor interest in companies seeking to digitise parts of its supply chain.

AI pricing

At the centre of BRKZ's pitch to investors is a pricing engine built on a proprietary dataset. Over the past three years, it has compiled about 38 million structured data points across more than 13,000 product records and more than 2,100 supplier profiles.

That information supports an AI system trained on about 40,000 requests for quotations. The model predicts buy and sell prices and recommends suppliers for each order, with 84% to 89% of predictions landing within 5% of the final transaction price, according to BRKZ. Procurement teams still make the final decision.

The company has also started applying AI to daily operational tasks. It said an internal delivery agent called Nusa reads delivery-note photographs sent over WhatsApp by transporters, matches them to orders, checks quantities and closes completed deliveries, while staff handle exceptions. Around three-quarters of delivery notes are now processed without manual override, according to the company.

Payment-term decisions are also supported by AI systems that draw on BRKZ's own payment-behaviour data, although the finance team retains final approval. The approach reflects a wider trend among business software groups in the Gulf, which are applying machine learning to administrative processes as well as consumer-facing products.

Ibrahim Manna, Founder and Chief Executive Officer of BRKZ, linked the latest funding to the company's recent expansion.

"The past 12 months have reinforced why we built BRKZ. Even amid significant regional and supply-chain disruptions, we achieved record growth because contractors and factories still need reliable access to materials, competitive pricing and dependable fulfillment. Having spent our first years building the supply network, infrastructure and data to digitize procurement at scale, we can now make that infrastructure significantly smarter and, with this funding, extend our reach across Saudi Arabia and the region," said Manna.

Investor backing

The investor line-up combines strategic Saudi capital with international venture support. Wa'ed Ventures is the venture arm of Aramco, while 500 Global is a multi-stage investment firm with a long track record in technology start-ups across several regions.

Anas Alghatani, Chief Executive Officer of Wa'ed Ventures, said: "Our continued investment in BRKZ reflects our confidence in the company's ability to make building materials procurement more efficient, connected and data driven. We look forward to supporting the team as they further advance their AI capabilities and scale their impact across Saudi Arabia and the wider region."

Amjad Ahmad, Managing Partner at 500 Global, said: "Building materials procurement is one of the largest, least digitized categories in the Saudi economy, and BRKZ has methodically built the infrastructure and data needed to solve it at scale. Our decision to co-lead this round was driven by the team's demonstrated execution: BRKZ sustained growth despite significant regional supply-chain disruption because contractors rely on the platform to deliver. This speaks to the strong operational foundation. We look forward to supporting the team as they deepen their AI capabilities, expand embedded financing, and grow across the region."

Khalid S. Alghamdi, Chief Executive Officer of Anb Capital, said: "Saudi Arabia is building at extraordinary scale, and BRKZ is transforming how one of the Kingdom's largest industries operates. By combining proprietary data, AI and embedded financing, the company is addressing a real and significant challenge in the construction supply chain. With more than SAR 5 billion of RFQs already processed, BRKZ has demonstrated both execution and scale. At Anb Capital, we see the potential for BRKZ to become an important technology-enabled infrastructure platform for the Kingdom and, over time, the wider region."

BRKZ has now raised more than USD $70 million in total capital since inception across equity and debt, and supplies businesses involved in projects including The Red Sea Project, Diriyah, Qiddiya, ROSHN and King Salman Park.