TruBuild, the AI-powered construction technology startup focused on preventing delays and unexpected costs in project delivery, has successfully closed a $1 million seed round. The round included participation from Waʼed Ventures, Dar Ventures, Plug & Play Ventures, OQAL, Taz Investment, and strategic angel investors, including Simon Moon, former CEO of Atkins Middle East. TruBuild received an early investment from Antler MENAP as part of the cohort in Riyadh 2023.
“We fully believe in TruBuildʼs mission to eliminate costly project changes and variations, in line with our mission to invest in impactful businesses in the construction sector.ˮ Anas Algahtani said, Wa’ed Ventures.
“Weʼre not here to disrupt for the sake of it,ˮ said Bisrat Degefa, CEO of TruBuild. “Weʼre here to make everyday decisions easier through objective data, and to help project teams avoid the kinds of issues theyʼve faced for yearsˮ.
The seed funding will be used to enhance TruBuild’s AI platform, expand its engineering and commercial teams, and scale its impact across Saudi Arabia and internationally.
