BRKZ Raises $31M to Wire AI Into Saudi Arabia's Building-Materials Supply Chain

Saudi Arabia is pouring hundreds of billions into new cities, stadiums and logistics hubs, yet the mundane business of buying cement, steel and gypsum still runs on phone calls, handshakes and WhatsApp threads. That gap between megaproject ambition and back-office reality is precisely where BRKZ has planted its flag — and why investors just handed the Riyadh-based startup another $31 million.

The new capital splits into two pieces. A $13 million Series B equity round was co-led by Wa'ed Ventures, the venture arm of Saudi Aramco, and 500 Global, with BECO Capital and ANB Capital joining. Alongside it, Stride Ventures committed $18 million in growth debt — not a fresh facility, but a drawdown under the $30 million venture debt arrangement BRKZ had already announced. Add it up and the company, founded in 2022 by CEO Ibrahim Manna, has now raised more than $70 million in equity and debt since inception. Earlier this year it also took an undisclosed strategic check from SIC, the investment arm of the Saudi Industrial Development Fund — a signal that state-linked capital sees procurement as strategic infrastructure, not just a software bet.

For readers outside the Gulf, the family names and funds here matter. Wa'ed Ventures is Aramco's early-stage vehicle, giving the oil giant a window into the construction supply chains that feed its own industrial buildout. BECO Capital is one of the region's most established venture firms, and ANB Capital brings banking muscle. Stride's debt is the working-capital engine: contractors rarely pay upfront, so BRKZ extends flexible terms and carries the receivables. That blend of equity for technology and debt for balance-sheet capacity is becoming the standard playbook for Gulf B2B platforms trying to scale without burning shareholder capital on float.

The scale BRKZ has already reached explains the appetite. The platform serves more than 1,500 contracting companies and 150 building-materials factories, backed by roughly 2,100 local and international suppliers. Since launch it has sold over $133 million (SAR 500 million) in raw, local and imported materials, and processed more than $1.37 billion (SAR 5.13 billion) in requests for quotation. Revenue is on track to triple in 2026, following 2.5x year-on-year growth in 2025 — growth achieved, notably, through a period of serious regional and supply-chain disruption.

What BRKZ is really selling is transparency in a market where pricing has traditionally been opaque and fragmented. Contractors, distributors and factories use one platform to source materials, with BRKZ managing pricing, quality assurance, logistics and commercial terms. The new money will sharpen its AI quotation, pricing and fulfilment engine, deepen integration across the supply chain, expand embedded financing, and scale cross-border corridors — including sourcing routes into China and India, the two countries that increasingly anchor Gulf construction imports.

The bigger picture is a Saudi economy racing to diversify while its construction sector strains under demand. Neom, Diriyah, Qiddiya, stadiums for the 2034 World Cup and a wave of industrial projects all consume staggering volumes of materials. Digitising how those materials are bought, priced and delivered is unglamorous work, but it sits directly on the critical path. BRKZ's Series B remains open to additional strategic investors, which suggests the company is not done raising — and that the next chapter may involve deeper ties to the very industrial conglomerates it supplies.