CPO Rising’s ProcureTech Pulse series continues this week with fresh supply management technology news and updates covering a few recent major announcements. If you are a sourcing, procurement, or spend management solution provider and you are continually innovating the way that procurement and supply chain leaders and practitioners drive value, we’d love to hear from you. Please drop us a note at info at cporising dot com. Thanks, and enjoy!
BRKZ Secures $31 Million to Transform Building Materials Procurement With AI
RIYADH — BRKZ, a leading technology-enabled building materials procurement platform in Saudi Arabia, announced it has secured $31 million in new capital to fuel its next phase of growth, including advancing its AI-powered pricing and fulfillment engine and rolling out embedded financing solutions for its network of contractors and suppliers.
The funding includes $13 million in Series B equity, co-led by Wa’ed Ventures, a venture capital arm of Aramco, and 500 Global, with participation from BECO Capital and Anb Seed Fund. Alongside the equity round, existing financing partner Stride Ventures has committed $18 million in growth debt under BRKZ’s previously announced $30 million venture debt facility, supporting working capital and flexible payment terms for customers.
According to Ibrahim Manna, Founder and CEO of BRKZ, “The past twelve months have reinforced why we built BRKZ. Even amid significant regional and supply-chain disruptions, we achieved record growth because contractors and factories still need reliable access to materials, competitive pricing, and dependable fulfillment.
“Having spent our first years building the supply network, infrastructure and data to digitize procurement at scale, we can now make that infrastructure significantly smarter and, with this funding, extend our reach across Saudi Arabia and the region,” Manna added.
The company stated that the round comes as BRKZ records strong growth. Revenue is on track to triple in 2026, following 2.5x year-on-year growth in 2025, while the company continued to expand amid significant geopolitical and supply-chain disruption across the Middle East. Its growth reflects the need for digitized procurement, pricing transparency, and reliable fulfillment across the construction material supply chain.
Read the full announcement here.
Aron Raises $8 Million to Launch AI Chief of Staff for Procurement
SAN FRANCISCO — Aron has launched an AI Chief of Staff designed for procurement teams. Its digital employee automates spend and contract data management, identifies savings opportunities, and executes source-to-contract activities, helping procurement teams focus on higher-value strategic priorities. Along with the solution launch, Aron announced $8 million in funding. Storm Ventures led a $6 million seed, and Menlo Ventures led a $2 million pre-seed. The company will use the new funding to expand its engineering team and product.
“Aron delivers the first agentic AI Chief of Staff purpose-built for procurement. Aron does the work finding savings, handling the tactical work and executing across the systems and tools teams already use. Aron amplifies and extends a procurement team’s ability to do work driving hard ROI and giving teams the capacity to focus on decisions that actually matter,” said Ryan Floyd, founding Managing Director of Storm Ventures.
According to Dominic Toselli, Founder and CEO of Aron, “I’ve sat in the procurement manager’s seat and experienced this pain firsthand. I was handed savings targets with deadlines, spent a lot of my capacity mapping what we bought and what we agreed to pay, and lost the rest to the daily fires: a supply line down, a team needing a vendor in two weeks, a one-off part somebody needed today.
“This pain I see across procurement as a whole. Now with Aron, teams can set strategy and make the calls. Aron does everything in between. Teams get their time back, and the CFO gets a number they can trust with fast ROI,” Toselli said.
Dengaro Launches Financing Platform to Modernize Equipment Purchasing With AI
WEST JORDAN, Utah — Dengaro announced the launch of an equipment financing platform for U.S. businesses and outlined plans to connect equipment discovery with financing applications and AI-assisted purchasing. The development roadmap includes an integration with Machtera, an equipment dealer directory, and tools intended to let authorized AI assistants help buyers move from identifying equipment to starting a financing request.
The platform serves businesses seeking financing for commercial equipment purchases of $15,000 or more. Its launch provides an online application and applicant workspace, while the planned integrations address a broader question: how can financing become part of the equipment search and purchase process?
Dengaro explained that businesses purchasing machinery or commercial vehicles may identify a dealer and an asset before beginning a separate financing application. Information about the proposed purchase then has to move between the equipment website, the buyer, and the financing provider.
The company’s planned Machtera integration is designed to carry relevant equipment and seller information into the financing journey. A buyer exploring equipment through Machtera can continue to a Dengaro application with that purchase context, then provide the business and applicant information needed for review.
Machtera is the initial planned use case for a connection that Dengaro is designing for other equipment websites and directories as well. The approach reflects the project’s development from equipment discovery and financing workflows into a platform that can serve multiple distribution channels.
Automation Anywhere Launches Agentic Procure-to-Pay Solution
SAN JOSE, Calif. — Automation Anywhere, a leading provider of agentic automation, announced the general availability of its agentic Procure-to-Pay solution. The new offering expands Autonomous Finance, a suite of AI-powered solutions for CFO organizations built on Automation Anywhere’s AI-native agentic architecture, developed in collaboration with OpenAI.
The company stated that the Procure-to-Pay solution coordinates work from vendor onboarding through requisition, purchase orders, goods receipt, invoice processing, and payment status tracking — tightly integrated with existing ERP, procurement, and financial systems. When exceptions occur, the solution’s built-in AI assistant identifies the issue, surfaces context, and recommends actions finance teams can use to resolve them quickly. The result: finance and procurement teams shift focus from data entry and exception-chasing toward spend strategy, supplier relationships, and demand planning.
According to Vikram Khosla, Chief Financial Officer of Automation Anywhere, “Finance leaders understand how quickly manual exceptions, fragmented approvals and disconnected systems can consume capacity,” he said. “Every exception that requires human investigation, every invoice that stalls in a queue, every approval that waits on a handoff is a strategic tax on the business.
“Our agentic Procure-to-Pay solution gives finance leaders a way to automate the routine, govern the exceptions, and give their teams back the capacity to do work that moves the business forward.”
Read the full announcement here.
