BRKZ raised $31M to automate materials buying. BRKZ raised $31M to expand its AI pricing and delivery agents that automate building materials procurement across Saudi Arabia. Key Takeaways * 1 BRKZ secured $13M in Series B equity plus $18M in growth debt to scale procurement and AI pricing. * 2 Its pricing engine trained on 40,000 RFQs hits within 5% of final price 84% to 89% of the time. * 3 Delivery agent Nusa processes bulk-cement notes from WhatsApp photos, automating 75% without manual override. We mapped how hyperparameters scale to 1/64 sparsity in mixture-of-experts models last week. The new turn is operational. Riyadh-based BRKZ said September 14 it secured $31 million to scale its AI-enabled building materials procurement platform across Saudi Arabia and the GCC. The money is split for a reason. $13 million is Series B equity co-led by Wa'ed Ventures, the venture arm of Aramco, and 500 Global, with participation from BECO Capital and ANB Capital. Syndicated wire coverage listed the participant as Anb Seed Fund. Another $18 million is growth debt committed by Stride Ventures under a previously announced $30 million venture debt facility. BRKZ said the debt supports working capital and flexible payment terms for customers, while the equity funds product and expansion. The product surface is procurement, not a marketplace listing. Contractors and factories submit RFQs, and BRKZ routes them across 2,100 local and international suppliers and 150 factories, then handles pricing, quality assurance and logistics through one relationship. It now serves more than 1,500 contracting companies and says it has sold more than $133 million (SAR 500 million) in materials and processed more than $1.37 billion (SAR 5.13 billion) in RFQs since inception. Underneath is a pricing dataset built over three years. BRKZ cites about 38 million structured data points across 13,000 product records and 2,100 supplier profiles. Its AI pricing engine trained on approximately 40,000 RFQs predicts buy and sell prices and recommends suppliers for each order. The company reports 84% to 89% of predictions fall within 5% of the final transacted price, which compresses manual quoting to near instant while procurement teams keep final oversight. Fulfillment is where the agents run. Nusa, its delivery agent, autonomously processes bulk-cement deliveries by reading delivery-note photos sent by transporters over WhatsApp, matching them to orders, verifying quantities and closing deliveries. BRKZ says about three quarters of notes are now processed without manual override, with staff handling exceptions. Payment-term decisions are also AI-assisted using its proprietary payment-behavior history, but final approval stays with finance. Growth is the context for the raise. Revenue is on track to triple in 2026 after 2.5x growth in 2025, the company said, despite geopolitical and supply-chain disruption across the Middle East. Ibrahim Manna, founder and CEO of BRKZ, said the past year reinforced the need for reliable access to materials and dependable fulfillment. Wa'ed Ventures CEO Anas Alghatani and 500 Global Managing Partner Amjad Ahmad both tied their co-lead to the platform's data infrastructure and resilience through that disruption. What to watch is how far automation actually goes. Pricing remains advisory and payments still need human sign-off, so the platform gains speed without ceding control. BRKZ said the new capital will advance quotation and fulfillment automation, deepen vertical integration from raw materials to last-mile delivery, and expand direct supply corridors with China, India and other manufacturing markets. It also disclosed a strategic investment earlier in 2026 from SIC, the investment arm of the Saudi Industrial Development Fund, linked to Vision 2030 industrial goals, and said it supplies projects including The Red Sea Project, Diriyah, Qiddiya, ROSHN and King Salman Park. Total capital raised now exceeds $70 million across equity and debt, with the Series B still open to additional strategic investors. (C) 2026 StartupHub.ai. All rights reserved. You may not republish this article in full without a license. Search engines and AI research tools may crawl and summarize for reference. Bulk reproduction or model training requires a license. See our terms. Discussion. Join the conversation below Founded in 2022 and headquartered in Riyadh, BRKZ is an AI-enabled building materials procurement platform serving contractors, factories and businesses across Saudi Arabia. BRKZ connects customers with local and international suppliers across thousands of building material and raw material products, combining procurement technology with sourcing, logistics and flexible commercial terms. The company was selected for the Saudi Unicorns Program in 2025.

BRKZ, a Saudi Arabian building materials procurement platform, has secured $31 million in new capital. The funding comprises $13 million in Series B equity, co-led by Wa'ed Ventures and 500 Global, with participation from BECO Capital and Anb Seed Fund. Additionally, Stride Ventures committed $18 million in growth debt from a previously announced $30 million facility. The Riyadh-based company serves over 1,500 contracting firms and 150 factories, supported by approximately 2,100 suppliers. Revenue is on track to triple in 2026 following 2.5x growth in 2025. Since inception, BRKZ has sold over $133 million in materials and processed more than $1.37 billion in requests for quotations. The funds will advance BRKZ's AI-powered pricing engine, deepen supply chain integration, and scale cross-border sourcing. The company has raised over $70 million in total capital.

BRKZ secures $31 million to scale AI-powered construction procurement. News - 14 September, 2026 * Saudi Arabia-based construction technology startup BRKZ has secured $31 million in new capital, comprising a $13 million Series B equity round co-led by Wa'ed Ventures and 500 Global, with participation from BECO Capital and ANB Capital, and an $18 million growth debt commitment from Stride Ventures. * The $18 million debt commitment forms part of BRKZ's previously announced $30 million venture debt facility with Stride Ventures, rather than a separate new $18 million facility. BRKZ has now raised more than $70 million in equity and debt since inception. * Founded in 2022 by Ibrahim Manna and headquartered in Riyadh, BRKZ operates an AI-enabled procurement platform connecting contractors and businesses with local and international suppliers of building materials and raw materials, while providing sourcing, pricing, logistics and flexible payment solutions. * The company will use the new capital to develop its AI-powered quotation, pricing and fulfilment capabilities, deepen its integration across the building materials supply chain, expand embedded financing, and scale cross-border sourcing and trading, including supply corridors with China and India. * BRKZ's Series B remains open to additional strategic investors, according to the company. Earlier in 2026, it also received an undisclosed strategic investment from SIC, the investment arm of the Saudi Industrial Development Fund. BRKZ, a leading technology-enabled building materials procurement platform in Saudi Arabia, today announced it has secured $31 million in new capital to fuel its next phase of growth, including advancing its AI-powered pricing and fulfillment engine and rolling out embedded financing solutions for its network of contractors and suppliers. The funding includes $13 million in Series B equity, co-led by Wa'ed Ventures, a venture capital arm of Aramco, and 500 Global, with participation from BECO Capital and ANB Capital. Alongside the equity round, existing financing partner Stride Ventures has committed $18 million in growth debt under BRKZ's previously announced $30 million venture debt facility, supporting working capital and flexible payment terms for customers. The round comes as BRKZ records strong growth. Revenue is on track to triple in 2026, following 2.5x year-on-year growth in 2025, while the company continued to expand amid significant geopolitical and supply-chain disruption across the Middle East. Its growth reflects the need for digitized procurement, pricing transparency, and reliable fulfillment across the construction material supply chain. BRKZ now serves more than 1,500 contracting companies and 150 building materials factories, supported by approximately 2,100 local and international suppliers. Since inception, the company has sold more than $133 million (SAR 500 million) in raw, local, and imported building materials and has processed more than $1.37 billion (SAR 5.13 billion) in RFQs through its platform. Building materials account for a significant share of construction project costs, yet procurement remains highly fragmented and relies on manual sourcing, negotiations and disconnected logistics processes. BRKZ provides contractors, distributors and factories with a single platform to source local, imported and raw materials. It combines its Saudi supplier network with international sourcing capabilities and manages pricing, quality assurance, logistics and flexible commercial terms through a single procurement relationship. "The past twelve months have reinforced why we built BRKZ," said Ibrahim Manna, Founder and CEO of 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." "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," said Anas Alghatani, CEO, Wa'ed Ventures. "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," said Amjad Ahmad, Managing Partner at 500 Global. "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." BRKZ has spent the past three years building a proprietary building materials dataset of approximately 38 million structured data points across 13,000+ product records and 2,100+ supplier profiles. This data now supports an AI pricing engine trained on approximately 40,000 RFQs, predicting buy and sell prices and recommending relevant suppliers for each order. 84% to 89% of predictions fall within 5% of the final transacted price, reducing a traditionally manual pricing process to a near-instant workflow while procurement teams retain final oversight. AI agents also run parts of BRKZ's day-to-day operations. Nusa, the company's delivery agent, autonomously processes bulk-cement deliveries by reading delivery-note photos sent by transporters over WhatsApp, matching them to orders, verifying quantities and closing completed deliveries, with staff stepping in on exceptions. Approximately three-quarters of delivery notes are now processed without manual override. Payment-term decisions are also AI-assisted, drawing on BRKZ's proprietary payment-behaviour history, with final approval remaining with the company's finance team. The new capital will be used to: Advance BRKZ's AI capabilities across quotation, pricing and fulfilment, automating more of the procurement journey Deepen vertical integration across the supply chain, from raw materials sourcing to last-mile delivery Scale cross-border sourcing and trading, expanding direct supply corridors with China, India and other major manufacturing markets to improve material availability, pricing and sourcing flexibility Earlier in 2026, BRKZ also received a strategic investment from SIC, the investment arm of the Saudi Industrial Development Fund (SIDF), reflecting SIC's confidence in BRKZ's vision to digitize procurement, strengthen local supply chains and contribute to the Kingdom's Vision 2030 industrial objectives. BRKZ supplies contractors and businesses participating in major developments including The Red Sea Project, Diriyah, Qiddiya, ROSHN and King Salman Park. As the company enters its next phase of growth, BRKZ remains open to additional strategic investors joining the Series B. BRKZ has now raised more than $70 million in total capital since inception across equity and debt.