The financing comprises a $23 million Series B and an $8 million growth-debt commitment as the Saudi construction procurement platform develops pricing, fulfilment and embedded-finance capabilities.
BRKZ, a technology-enabled building materials procurement platform, has announced $31 million in capital for its next phase of development across Saudi Arabia and the Gulf Cooperation Council region.
The financing includes $23 million in Series B equity co-led by Wa’ed Ventures, a venture capital arm of Aramco, and Gobi Global, with participation from BECO Capital and ANB Capital. Existing financing partner Stride Ventures has also committed $8 million in growth debt under BRKZ’s previously announced $30 million venture-debt facility. BRKZ said the debt will support working capital and flexible payment terms for customers.
BRKZ said it plans to use the capital to advance its AI-based pricing and fulfilment systems, expand vertical integration across the construction-material supply chain, and increase cross-border sourcing from markets including China and India. The company also plans to roll out embedded-finance capabilities for contractors and suppliers.
Company reports growth in procurement activity
According to BRKZ, revenue is on track to triple in 2026 after increasing 2.5 times year on year in 2025. The company reports that it serves more than 1,500 contracting companies and 150 building-materials factories through a network of approximately 2,100 local and international suppliers.
BRKZ also reports that, since its inception, it has sold more than $133 million, or SAR 500 million, in raw, locally produced and imported building materials. It says its platform has processed more than $1.37 billion, or SAR 5.13 billion, in requests for quotation.
The company positions its platform as a single procurement relationship through which contractors, distributors and factories can source materials and manage pricing, quality assurance, logistics and commercial terms. BRKZ says this model is intended to address a market that still relies heavily on manual sourcing, negotiations and disconnected logistics processes.
BRKZ details its AI pricing and delivery systems
BRKZ said it has built a proprietary building-materials dataset over the past three years. The company reports that the dataset contains approximately 38 million structured data points across more than 43,000 product records and more than 2,100 supplier profiles.
According to BRKZ, its AI pricing engine has been trained on approximately 40,000 requests for quotation. The system predicts buy and sell prices and recommends suppliers for each order. The company says that 84% to 85% of its predictions fall within 5% of the final transacted price. Procurement staff retain final oversight of the workflow.
BRKZ also uses AI agents in parts of its daily operations. The company said its delivery agent, Nusa, reads photos of bulk-cement delivery notes submitted by transporters through WhatsApp, matches them to orders, verifies quantities and closes completed deliveries. Staff handle exceptions. BRKZ reports that approximately three-quarters of delivery notes are processed without manual override.
Payment-term decisions are also supported by AI using BRKZ’s proprietary payment-behaviour history, according to the company. Final approval remains with its finance team.
Capital earmarked for AI and regional supply links
BRKZ said the new capital will be directed toward three priorities:
• Advancing AI capabilities across quotation, pricing and fulfilment to automate more of the procurement journey.
• Deepening vertical integration across the supply chain, from raw-material sourcing to last-mile delivery.
• Scaling cross-border sourcing and trading, including direct supply corridors with China, India and other manufacturing markets.
Earlier in 2026, BRKZ received a strategic investment from SIC, the investment arm of the Saudi Industrial Development Fund. BRKZ said the investment reflected support for its work to digitize procurement, strengthen local supply chains and contribute to Saudi Arabia’s Vision 2030 industrial objectives.
The company says it supplies contractors and businesses participating in developments including The Red Sea Project, Diriyah, Qiddiya, ROSHN and King Salman Park. BRKZ also said it remains open to additional strategic investors joining the Series B.
BRKZ reports that it has raised more than $70 million in equity and debt since its inception.
Executive perspectives
“The past twelve 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 fulfilment. 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,” Ibrahim Manna, founder and CEO of BRKZ.
“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,” Anas Alghatani, CEO of 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. 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,” Amjad Ahmad, managing partner at 500 Global.
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