IN Brief:
- BRKZ has raised $13 million in Series B equity and secured $18 million in growth debt.
- Its pricing system draws on roughly 38 million structured data points and around 40,000 requests for quotation.
- New capital will support procurement automation, embedded finance, fulfilment and sourcing corridors including China and India.
BRKZ has secured $31 million in new capital to expand its building-materials procurement platform across Saudi Arabia and the wider Gulf, with funding allocated to artificial-intelligence tools, fulfilment, embedded finance and cross-border sourcing.
The package comprises $13 million of Series B equity, co-led by Wa’ed Ventures and 500 Global, and $18 million of growth debt from Stride Ventures under a previously announced $30 million venture-debt facility. BECO Capital and Anb Seed Fund also participated in the equity round.
BRKZ says the latest financing takes total capital raised through equity and debt above $70 million. The company operates a procurement platform connecting contractors with manufacturers and suppliers while coordinating quotation, quality assurance, logistics and commercial terms.
More than 1,500 contracting companies and 150 building-materials factories use the platform, supported by a supplier network of around 2,100 businesses. BRKZ says more than $133 million of materials have been sold through the business, while requests for quotation processed on the platform have exceeded $1.37 billion.
The company is using that transaction history to automate parts of a procurement process still frequently managed through telephone calls, messaging applications and spreadsheets. Its dataset contains about 38 million structured data points covering more than 13,000 products and 2,100 supplier profiles.
BRKZ says its AI pricing engine has been trained on roughly 40,000 requests for quotation and can predict the eventual transaction price within 5% in 84% to 89% of cases. That capability is intended to shorten the interval between a buyer submitting an enquiry and receiving a commercially realistic price.
Building-materials purchasing is difficult to reduce to a conventional catalogue because the price of cement, steel, aggregates and other products can depend heavily on order volume, specification, delivery location, supplier availability, credit terms and timing. Transport distance can also represent a large share of final cost for heavy, low-value materials.
A pricing model therefore has to work alongside fulfilment data. A low quoted price has limited value if the supplier cannot deliver the required quantity to the specified project at the required time. BRKZ is investing in both sides of the transaction rather than treating automated quotation as a standalone function.
Its Nusa AI agent handles part of the delivery-reconciliation process. Bulk-cement delivery notes can be photographed and sent through WhatsApp, after which the system reads the document, matches it against the order and delivered quantity and closes the relevant transaction record.
BRKZ says around three quarters of those delivery notes are currently processed without manual override. Staff deal with exceptions rather than entering every document, reducing repetitive administrative work while retaining human intervention when the data do not match.
Delivery-note automation can also shorten the route from physical receipt to invoice approval. Construction supply chains generate large quantities of tickets, weighbridge records and proof-of-delivery documents, and unresolved differences between ordered and received quantities can delay both reconciliation and supplier payment.
Embedded finance forms another part of the model. Contractors routinely buy materials before receiving payment for completed project work, creating a working-capital gap that can restrict purchasing even where underlying demand is strong. BRKZ uses transaction data to support decisions on payment terms while retaining final approval within its finance operation.
The new funding will also support deeper integration between sourcing and last-mile delivery. BRKZ intends to develop procurement corridors with China, India and other manufacturing markets while expanding speciality and private-label products for customers in Saudi Arabia and the GCC.
Cross-border sourcing gives buyers access to a broader supplier base but adds additional operational variables. Customs requirements, shipping lead times, currency movements, product certification and quality assurance all become part of the procurement decision, reducing the value of a low purchase price if imported material fails to arrive when a project needs it.
The company says it has supplied material into projects including the Red Sea Project, Diriyah, Qiddiya, ROSHN and King Salman Park. Large construction programmes can provide substantial repeat demand, but they also impose strict requirements around technical specification, documentation and delivery sequencing.
Regional expansion will test how well BRKZ’s existing data transfers between markets. Historical pricing from Saudi Arabia provides a starting point, but transport costs, supplier behaviour, duties and payment practices vary across borders. Pricing models will need sufficient local transaction data to remain useful as new sourcing corridors are added.
BRKZ says revenue is on course to triple in 2026 after increasing 2.5 times in 2025. Growth on that scale increases the volume of quotations, documents and deliveries the platform must manage, making automation increasingly important if administrative headcount is not to rise at the same pace.
The $31 million funding package gives BRKZ more capacity to extend its platform from digital materials buying into pricing, finance and fulfilment. Progress will be visible in practical measures: the share of transactions handled automatically, delivery performance, supplier growth and whether price accuracy can be maintained as sourcing becomes more international.
