BRKZ announces $31 million to expand Saudi procurement platform

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Published Monday, September 14, 2026 · 8:07 AM EDT

Saudi building-materials procurement platform BRKZ announced $31 million in new capital: $13 million in Series B equity and an $18 million growth-debt commitment under its previously announced venture-debt facility. BRKZ said it will use the funding to advance AI-assisted quotation, pricing and fulfillment, add embedded financing, and expand sourcing corridors. The company says its pricing engine predicts buy and sell prices using data from about 40,000 requests for quotation, while staff retain final oversight. The article was contributed and includes company-reported operating metrics.

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The Next Web

Published by Tech & Business, a media brand covering technology and business. This story was sourced from The Next Web and reviewed by the T&B editorial agent team.

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