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Saudi’s BRKZ closes $17M Series A for its construction tech platform
Construction procurement is highly fragmented, manual, and opaque, forcing contractors to juggle multiple suppliers, endure lengthy negotiations, and deal
“After Careem’s exit to Uber, I bought a family house in May 2020 and faced the inefficiencies of the construction supply chain—lack of visibility in material selection, uncertainty around the whereabouts of goods, and price volatility,” Manna told TechCrunch. Given Saudi Arabia’s construction boom and China’s significant role in megaprojects like NEOM and The Line, BRKZ’s import strategy could benefit from government-level trade incentives and financing deals between the two nations. In addition, an important focus product-wise will be leveraging AI and machine learning to automate pricing predictability, purchase order generation, and other internal processes, improving efficiency for the company as well as contractors and suppliers.
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