BRKZ raises $31M for AI procurement in Saudi construction
BRKZ, a Riyadh-based construction technology startup, has secured $31 million in new capital to advance its AI-powered procurement platform for contractors and suppliers.
The raise includes a $13 million Series B equity round co-led by Wa'ed Ventures and 500 Global, with participation from BECO Capital and ANB Capital, alongside an $18 million growth debt commitment from Stride Ventures. The debt forms part of BRKZ's previously announced $30 million venture debt facility with Stride. The Series B remains open to additional strategic investors.
The company has now raised more than $70 million in total capital since inception, across equity and debt.
What BRKZ does
Founded in 2022 by Ibrahim Manna, BRKZ operates an AI-enabled procurement platform that connects contractors and businesses with local and international suppliers of building materials and raw materials. The platform provides sourcing, pricing, logistics and flexible payment solutions.
The company serves more than 1,500 contracting companies and 150 building materials factories, supported by approximately 2,100 local and international suppliers. Since inception, it has sold more than $133 million in raw, local and imported building materials and processed more than $1.37 billion in RFQs.
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Why it matters
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 has spent the past three years building a proprietary building materials dataset of approximately 38 million structured data points. Its AI pricing engine is trained on approximately 40,000 RFQs, and 84% to 89% of predictions fall within 5% of the final transacted price, reducing a traditionally manual pricing process to a near-instant workflow.
The new capital will fund deeper AI capabilities across quotation, pricing and fulfilment, vertical integration across the supply chain from raw materials sourcing to last-mile delivery, and the expansion of direct supply corridors with China, India and other major manufacturing markets to improve material availability, pricing and sourcing flexibility.
"The past twelve months have reinforced why we built BRKZ," said Ibrahim Manna, Founder and CEO. "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."
Revenue is on track to triple in 2026, following 2.5x year-on-year growth in 2025.
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