BRKZ Secures USD 31M to Scale AI-Powered Building Materials Procurement
· Source: waya.media
In short
Saudi Arabian building materials procurement platform BRKZ has raised USD 31 million, comprising a USD 13 million Series B equity round co-led by Wa'ed Ventures and 500 Global, plus USD 18 million in growth debt from Stride Ventures. The company will use the capital to advance its AI pricing and fulfillment engine, deepen supply chain integration, and expand cross-border sourcing across Saudi Arabia and the GCC. BRKZ serves over 1,500 contractors and 150 factories, with an AI pricing engine that predicts transaction prices within 5% accuracy in 84-89% of cases.
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In the issue of week 38, 2026: AI Moves Closer to Supply Chain Decisions, but Data and Returns Still Lag
Tags: procurement, construction, funding, pricing, supply chain, automation