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This story was originally published on HackerNoon at: https://hackernoon.com/brkz-raises-$31-million-from-aramcos-waed-and-500-global-to-scale-ai-procurement.
BRKZ secures $13M Series B led by Wa'ed Ventures and 500 Global plus $18M Stride debt, as the Saudi AI procurement platform triples revenue again in 2026.
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BRKZ, the Riyadh-based building materials procurement platform, has secured $31 million in new capital: a $13 million Series B co-led by Aramco's Wa'ed Ventures and 500 Global, with BECO Capital and Anb Seed Fund participating, plus an $18 million growth-debt commitment from Stride Ventures drawn under the $30 million facility agreed in October 2025. Revenue grew 2.5x in 2025 on top of 4x in 2024 and is on track to triple again in 2026, a run recorded through a year of regional supply-chain disruption. The platform now serves more than 1,500 contracting companies and 150 factories through roughly 2,100 suppliers, has sold more than $133 million (SAR 500 million) of materials and has priced more than $1.37 billion (SAR 5.13 billion) of RFQs since inception. An AI pricing engine trained on about 40,000 RFQs now lands 84 to 89 percent of its predictions within 5 percent of the final transacted price, while an agent called Nusa closes roughly three-quarters of bulk-cement delivery notes without human intervention. Total capital raised since inception now exceeds $70 million across equity and debt, with the Series B still open to additional strategic investors.