BRKZ raised $31 million in a Series B round, announced September 14, 2026 and led by Wa'ed Ventures and 500 Global. The raise comes as Saudi Arabia's roughly $3 trillion infrastructure pipeline pushes contractors and suppliers to find faster, more efficient ways to source building materials.
Here's the full breakdown of the raise, who backed it, and how BRKZ is using AI to modernize construction procurement in the Gulf.
What is BRKZ?
BRKZ is an AI-enabled building materials procurement platform connecting contractors, factories and businesses with local and international suppliers across Saudi Arabia and the GCC region. The platform embeds buy-now-pay-later financing and AI-powered pricing directly into the procurement process. Founded in 2022 by Ibrahim Manna, BRKZ counts some of Saudi Arabia's marquee giga-projects among its customers, including The Red Sea Project, Diriyah, Qiddiya, ROSHN and King Salman Park.
In plain terms: sourcing building materials for large construction projects has traditionally meant fragmented supplier relationships, manual quoting and slow payment cycles. BRKZ replaces that with a single platform that automates pricing and quotes while offering financing to keep projects moving.
The raise: $31M Series B
The headline numbers:
- Amount: $31 million ($13 million equity, $18 million venture debt)
- Round: Series B
- Announced: September 14, 2026
- Lead investors: Wa'ed Ventures, 500 Global
The equity-plus-debt structure is notable: BRKZ isn't relying purely on venture equity to fund growth, instead pairing a smaller equity check with a larger venture debt facility — a structure that typically signals a company with predictable enough revenue to service debt while it scales.
For context, BRKZ previously raised a $17 million Series A in February 2025, led by BECO Capital, on top of an earlier $5.5 million pre-seed/seed round.
Who invested in BRKZ?
The Series B was led by Wa'ed Ventures and 500 Global, with additional participation from:
- BECO Capital
- ANB Seed Fund
- SIC
BECO Capital, which led BRKZ's Series A, returned to participate again in the Series B — a sign of continued conviction from an earlier backer as the company scales into new markets.
What BRKZ will do with the money
BRKZ plans to use the funding to advance its AI capabilities, including quotation automation, its pricing engine and fulfillment systems, while deepening supply chain vertical integration from raw materials through last-mile delivery. The company also intends to expand cross-border sourcing and its supplier network across the GCC.
That combination — better AI tooling plus deeper supply chain control — reflects a company trying to own more of the procurement stack rather than just sitting on top of it as a marketplace layer.
Why it matters
BRKZ's round is a useful marker of how AI is showing up outside the usual model-and-chip headlines:
- AI is quietly reshaping unglamorous industries like construction procurement. BRKZ's pitch isn't a foundation model or inference chip — it's AI-powered pricing and quotation automation applied to a genuinely large, inefficient market, which is where a lot of durable AI value ends up getting captured.
- Saudi Arabia's giga-project pipeline is creating its own funding ecosystem. With The Red Sea Project, Diriyah, Qiddiya and other multi-billion-dollar developments as customers, BRKZ is riding a regional infrastructure boom that's large enough to support venture-scale AI startups built specifically around it.
- The equity-plus-debt structure signals operational maturity. Pairing $13 million in equity with $18 million in venture debt suggests BRKZ has revenue predictable enough to service debt — a different risk profile than the pure-equity rounds common among earlier-stage AI startups.
Source: The Next Web — BRKZ secures $31m to scale AI-enabled building materials procurement
Following AI funding? Wortins tracks the biggest raises, valuations, and acquisitions daily in the AI Funding Tracker.