TruBuild Raises $1mln Seed Funding to Scale AI Construction Platform

Deal News | Apr 24, 2025 | Zawya

TruBuild Raises $1mln Seed Funding to Scale AI Construction Platform

Saudi startup TruBuild, a company specializing in AI-powered construction technology, has secured $1 million in seed funding. The investment was led by Waed Ventures, with participation from Dar Ventures and Plug & Play Ventures. The capital will be used to enhance TruBuild's AI platform, expand its engineering and commercial teams, and increase its market presence both domestically and internationally. By leveraging AI, TruBuild aims to transform the construction sector by providing real-time insights, early risk identification, and improved decision-making processes. CEO Bisrat Degefa emphasized the company's commitment to creating a more transparent and efficient construction environment.

Sectors

  • Technology
  • Construction
  • Venture Capital

Geography

  • Saudi Arabia – TruBuild is a Saudi Arabian startup planning to scale its impact both locally and internationally.

Industry

  • Technology – TruBuild operates in the technology sector with a focus on AI-driven solutions for the construction industry.
  • Construction – TruBuild provides AI applications to enhance the transparency and decision-making processes within the construction industry.
  • Venture Capital – The funding round for TruBuild was led by several venture capital firms including Waed Ventures.

Financials

  • $1 million – The amount of seed funding raised by TruBuild.

Participants

NameRoleTypeDescription
TruBuildTargetCompanyAI-powered construction tech startup based in Saudi Arabia.
Waed VenturesInvestorCompanyVenture capital firm that led the $1 million investment in TruBuild.
Dar VenturesInvestorCompanyParticipated in the $1 million seed funding round for TruBuild.
Plug & Play VenturesInvestorCompanyPart of the investment group providing seed funding to TruBuild.
Bisrat DegefaCEOPersonChief Executive Officer of TruBuild.