Funding Project Suppliers Raised About $1M Pre-Seed to Build Cash-Flow Tools for Saudi MEP Suppliers A SAR 3.75 million (about $1 million) first pre-seed round from undisclosed angel investors, reported in early October. The Saudi procurement platform says it has 12,000+ suppliers and contractors and nearly 600,000 quote requests, and will spend the money on AI cash-flow and financing tools for MEP and construction firms. Hugo Pegley · Oct 17, 2026
Analysis 62% of Commercial Contractors Have Tried AI. Among Those Using It, 15% Can Show Clear ROI. ServiceTitan's 2026 Commercial State of the Trades, published 24 September, reports a July survey of 1,020 commercial contractors, primarily in mechanical, electrical and plumbing. Its AI findings describe a sector past the question of whether to try and stuck on the question of what it returned — and the cash-flow numbers underneath them explain why that question is being asked now. Hugo Pegley · Sep 24, 2026
