Construction tech company Brickeye has raised $10 million to further develop its monitoring and risk mitigation platform, expand into health-care and data-centre facility construction and grow its market share locally and abroad.
Brickeye was co-founded in 2014 by Waterloo Engineering alumni Richard Liang (BASc ’12, MASc ’14), Hamid Alemohammad (PhD ’10), Amir Azhari (PhD ’17), Alex Fuentes (BASc ’00), all Department of Mechanical and Mechatronics Engineering grads. The company's services platform catches expensive, on-site issues like an overnight water line burst, before they escalate.
The company announced in a press release that the Series B funding round was led by GreenSky Ventures, Brightspark Ventures, Graphite Ventures, Export Development Canada (EDC), Beauchamp Construction and a building materials supplier.
The company has deployed its technology on more than 3,000 construction projects across 20+ countries, reported 150% year-over-year revenue growth, and was recently named to Deloitte's 2025 Technology Fast 50 list of Canada's fastest-growing technology companies.