TruBuild, a Riyadh, Saudi Arabia-based AI-powered construction technology startup, has raised $1 million in seed funding.
Investors
The round included participation from Waʼed Ventures, the $500 million venture capital arm of Saudi Aramco; Dar Ventures, the venture arm of Dar; as well as Plug & Play Ventures, OQAL, Taz Investment, and strategic angel investors, including Simon Moon, former CEO of Atkins Middle East.
TruBuild Use of Funds
The company will use the funding to enhance its AI platform, expand its engineering and commercial teams, and scale operations across Saudi Arabia and beyond.
About TruBuild
Founded by Bisrat Degefa and Dr. Sari Sabban, TruBuild is a construction technology company that provides an AI-powered platform designed to streamline the pre-construction and procurement processes in the construction industry. It uses AI to automate tender analysis, contract evaluation, and collaboration, helping companies save time, reduce errors, and make smarter decisions. It integrates with the tools used by contractors, consultants, and project owners to proactively identify project risks, automate documentation, and align stakeholders. Headquartered in Riyadh, Saudi Arabia, TruBuild supports the development of the Saudi 2030 vision.
Funding Details
Company: TruBuild
Raised: $1.0M
Round: Seed
Funding Date: April 2025
Investors: Wa’ed Ventures, Dar Ventures, Plug & Play Ventures, OQAL, Taz Investment, Simon Moon
Company Website: https://trubuild.io/
Software Category: Construction Technology
Source: https://trubuild.io/blog/trubuild-raises-1-million-seed-round-to-de-risk-construction-projects-and-prevent-cost-overruns