BRKZ, a technology-enabled building materials procurement platform in Saudi Arabia, has announced $31 million in new capital to support its next phase of growth. The funding will accelerate an AI-powered pricing and fulfillment engine and expand embedded financing solutions for contractors and suppliers. The announcement reflects rising demand for digital procurement tools across the Kingdom's construction sector.
Funding Structure and Investor Backing
The new capital includes $13 million in Series B equity co-led by Wa'ed Ventures, the venture capital arm of Aramco, and 500 Global. BECO Capital and Anb Seed Fund also participated in the equity round. In parallel, existing financing partner Stride Ventures committed $18 million in growth debt under BRKZ's previously announced $30 million venture debt facility to support working capital and flexible customer payment terms.
Strong Growth and Expanding Network
BRKZ reports that revenue is on track to triple in 2026 after recording 2.5 times year-on-year growth in 2025. The platform now serves more than 1,500 contracting companies and 150 building materials factories, with 2,100 local and international suppliers. It lists $133 million, or SAR 500 million, in raw, local, and imported building materials and has processed $1.37 billion, or SAR 5.13 billion, in requests for quotations.
AI and Data-Driven Procurement
The company has spent the past three years building a proprietary dataset of approximately 38 million structured data points across more than 13,000 product records and 2,100 supplier profiles. Its AI models have processed 40,000 requests for quotations, with 84 to 89 percent of predictions falling within 5 percent of the final transacted price. AI agents also manage parts of daily operations, and three-quarters of delivery notes are now processed without manual override.
Strategic Use of the New Capital
Fresh funding will be used to advance BRKZ's artificial intelligence capabilities, deepen vertical integration across the supply chain, and scale cross-border sourcing and trading. Earlier in 2026, BRKZ received a strategic investment from SIC, the investment arm of the Saudi Industrial Development Fund. That investment signaled confidence in the company's vision to digitize procurement, strengthen local supply chains, and contribute to Vision 2030 industrial objectives.
Executive Perspectives
Founder and CEO Ibrahim Manna said the past twelve months reinforced why the company was built, as contractors and factories still need reliable access to materials, competitive pricing, and dependable fulfillment even amid regional supply chain disruptions. He added that BRKZ can now make its infrastructure significantly smarter and extend its reach across Saudi Arabia and the region. Investor statements highlighted the company's strong execution and the size and limited digitization of building materials procurement in the Saudi economy.
Supporting Major Saudi Developments
BRKZ supplies contractors and businesses involved in major developments including The Red Sea Project, Diriyah, Qiddiya, ROSHN, and King Salman Park. The company remains open to additional strategic investors joining the Series B as it enters its next phase of growth. BRKZ has now raised more than $70 million in total capital since inception across equity and debt.
With this latest capital injection, BRKZ is positioned to strengthen its role as a digital infrastructure provider for Saudi Arabia's construction economy. The combination of proprietary data, AI-driven pricing, and embedded financing addresses longstanding fragmentation in building materials procurement. As the Kingdom advances large-scale projects under Vision 2030, BRKZ's expansion may help improve efficiency, transparency, and access to supply for contractors, distributors, and factories.