- TruBuild secured USD 1 million in seed funding led by Wa’ed Ventures and Dar Ventures, with participation from Plug & Play.
- Founded by Bisrat Degefa and Dr. Sari Sabbaan, TruBuild is an AI-driven platform simplifying construction procurement and collaboration.
- The startup will use the funding to grow its team, develop its platform, and expand across Saudi and global markets.
TruBuild
What happened? TruBuild raised USD 1 million in a seed funding round led by Wa’ed Ventures in partnership with Dar Ventures. The round also saw participation from other investors such as Plug & Play and various angel investors.
Who are they? Founded by Bisrat Degefa and Dr Sari Sabbaan, TruBuild’s is an AI-driven construction-tech platform. It aims to simplify construction procurement, automating 70% of tasks to reduce delays and keep your projects on track.
The startup is developing a platform that uses AI technology to facilitate collaboration between contractors, consultants, and project owners. This is with a specific focus on early risk detection, documenting procedures, and coordinating teams through project implementation.
The company relies on British expertise in the construction sector. It also relies on a Saudi team specializing in artificial intelligence, to provide technical solutions serving the public and private sectors.
Construction
What will they do with the funding? With the funding, the startup aims to accelerate its product development, grow its team, and expand into new markets. Additionally, it plans to scale across the Kingdom and into global markets aiming to continue its mission to de-risk construction.
Why does this matter? TruBuild aims to tackle the challenges facing the global construction sector. These include implementation delays, cost overruns, and poor communication between project stakeholders. Furthermore, these factors contribute to annual losses estimated at more than USD 1.6 trillion.
Trubuild is in line with the goals of Saudi’s Vision 2030 which seeks to develop a more efficient and sustainable infrastructure.
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