- WakeCap secured $28 million in Series A funding, led by UP.Partners, to expand its AI and IoT construction solutions.
- The company has recorded over 150 million worker hours across $80 billion worth of major global construction projects.
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The funding will support product enhancements, expansion into new markets, and team growth in engineering and customer success.
WakeCap, a Saudi-based construction tech company pioneering real-time site intelligence through wearable IoT devices, announced the closing of a $28 million Series A funding round during the Saudi-U.S. Investment Forum in Riyadh.
The round was led by UP.Partners, with participation from Graphene Ventures and strategic investors from the U.S., Saudi Arabia, and Asia.
Founded in 2017 by Dr. Hassan Albalawi and Ishita Sood, WakeCap provides AI-powered, sensor-driven platforms that enhance safety, visibility, and productivity at construction sites—enabling smarter decision-making for project managers and developers.
Redefining Construction Management with Real-Time Site Data
WakeCap’s rugged hardware and enterprise-grade software deliver smart, real-time data on:
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Workforce attendance and performance
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Equipment utilization
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Safety events and alerts
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Site progress and operational metrics
To date, WakeCap has tracked over 150 million work hours on construction sites valued at more than $80 billion, including flagship projects with Aramco, NEOM, Qiddiya, and King Salman Park, as well as developments in the UAE, USA, and Japan.
Dr. Hassan Albalawi, CEO and Founder of WakeCap, stated:
“WakeCap’s ability to gather and act on real-time data from job sites is critical to project oversight and quality control. This investment marks a pivotal moment in our growth, allowing us to expand globally and deliver deeper insights, faster reporting, and stronger operational efficiency.”
“We’re proud to be building a platform that places worker safety at its core and brings greater clarity to the world’s most complex construction projects,” he added.
Proven Impact on Construction Safety and Productivity
WakeCap has demonstrated measurable improvements:
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91% reduction in safety incidents
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25% increase in site productivity
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70% faster response times to workplace incidents
These outcomes enable companies to optimize insurance costs, boost accountability, and drive data-backed decision-making across job sites.
Adam Grosser, Chairman and Managing Partner at UP.Partners, commented:
“WakeCap sits at the intersection of two powerful forces: the global surge in infrastructure investment and the digital transformation of construction. As governments and developers launch multi-billion-dollar projects, WakeCap provides the critical truth layer on the ground—transparency, trust, and real-time insight.”
Strategic Growth with Global Reach
The new funding will be used to:
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Expand WakeCap’s footprint in new and existing markets
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Enhance product capabilities through AI and IoT
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Deepen integrations with platforms like Oracle and OpenSpace
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Grow engineering, product development, and customer success teams
WakeCap currently operates in Saudi Arabia, the UAE, Japan, and the United States, supported by a global team representing 34 nationalities.
Nabeel Nour Berhanu, Founding Partner at Graphene Ventures, said:
“WakeCap is the future of connected, intelligent construction. We’re proud to support a company that’s leading digital transformation in one of the world’s most essential industries—backed by a robust platform, high-performance culture, and strong public-private partnerships.”
Bridging Silicon Valley Innovation with Saudi Vision
Amid a $1 trillion infrastructure investment wave in Saudi Arabia, WakeCap is emerging as a key player connecting Silicon Valley innovation with local construction needs, redefining what’s possible at the convergence of AI, IoT, and industrial digitization.
