Local construction tech startup TruBuild secured USD 1 mn in a seed funding round supported by Aramco’s VC arm Wa’ed Ventures, OQAL, and Taz investment, among others, according to a statement.

Where will the money go? The fresh funds will be used to improve TruBuild’s AI platform and expand its footprint across Saudi Arabia and international markets. Previously, the startup received initial backing from Antler MENAP in 2023.

About TruBuild: Founded by CEO Bisrat Degefa (LinkedIn) and CTO Sari Sabban (LinkedIn), TruBuild aims to address the USD 1.6 tn in annual losses caused by “reduce inefficiencies, improve collaboration, and prevent project variations”, the statement read.

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