Latest news with #HassanAlbalawi
CairoScene
15-05-2025
- Business
- CairoScene
Saudi-Based WakeCap Raises $28 Million to Expand AI Construction Tech
Founded in 2017 by Hassan Albalawi, WakeCap provides AI-powered solutions for visibility and efficiency on construction sites. May 15, 2025 Saudi-based construction tech startup WakeCap has raised $28 million in a Series B funding round led by global investment firm 3S Capital. Other participants in the round include an undisclosed group of investors from the US, Europe, and the MENA region. Founded in 2017 by Saudi entrepreneur Hassan Albalawi, WakeCap provides AI-powered solutions to enhance visibility and operational efficiency on construction sites. The startup's wearable IoT hardware enables real-time monitoring of workforce activity and equipment usage, helping project managers reduce delays, improve safety compliance, and boost overall productivity. WakeCap currently operates in more than 150 sites across the UAE, Saudi Arabia, and the US, with clients including Consolidated Contractors Company (CCC), Saudi Aramco, and Besix. Its latest funding will be used to further develop its data platform, expand internationally, and strengthen its presence in North America and Europe.
Mid East Info
15-05-2025
- Business
- Mid East Info
WakeCap raises US$28 million Series A to scale sensor-powered project controls for global construction - Middle East Business News and Information
WakeCap, the sensor-powered project intelligence and controls platform trusted by the world's most ambitious construction and oil and gas programs, today announced the close of its US$28 million Series A round. The round was led by with participation from Graphene Ventures and strategic investors across the U.S., Saudi Arabia, and Asia. WakeCap transforms how construction projects are managed through live, site-wide visibility across workforce, safety, productivity, and progress. Its technology protects and empowers jobsite workers, transforming construction sites into a safer and more reliable place to work. With more than 150 million labor hours tracked and deployments across US$80 billion in active projects – including Aramco, NEOM, Qiddiya, and King Salman Park as well as global projects in the UAE, US and Japan – WakeCap is setting the standard for how data drives performance, safety, and accountability on the jobsite, leading to data-driven business decisions and reduced insurance costs. 'WakeCap's ability to capture and act on real-time jobsite data is critical for high-performing project controls, ' said Dr. Hassan Albalawi, CEO and Founder of WakeCap. ' This round fuels our next stage of growth as we expand our global footprint, increasing the value we deliver to customers through richer insights, faster reporting, and greater operational efficiency. It will allow us to deepen integrations with key ecosystem partners such as Oracle andOpenSpace. We're proud to be building a platform that puts workers first, makes jobsites safer, and brings clarity to the world's most complex construction efforts. ' Combining rugged hardware and enterprise-ready software, WakeCap delivers live project intelligence – from worker access and equipment utilization to safety alerts and progress tracking – all without disrupting jobsite workflows. The system has demonstrated a 91% reduction in safety issues, 25% gain in productivity, and 70% faster incident response times. ' WakeCap sits at the intersection of two massive forces – the scale of global infrastructure investment and the digitization of construction ,' said Adam Grosser, Chairman and Managing Partner at ' As governments and developers undertake trillion-dollar initiatives, WakeCap's platform brings truth, transparency, and trust to the field. We are thrilled to back Hassan and the team as they scale globally and lead the transformation of this critical industry. ' The company's expansion reflects a broader trend in tech collaboration between the United States and Saudi Arabia, with WakeCap standing out as one of the first Saudi-born startups to acquire a Silicon Valley tech company. Today, the company operates across Saudi Arabia, the UAE, Japan, and the U.S., supported by a team representing 34 nationalities. 'WakeCap exemplifies what the future of construction looks like: intelligent, connected, and global ,' said Nabil Borhanu, Founder and Managing Partner at Graphene Ventures. ' We continue to support WakeCap because they are uniquely positioned to lead this transformation, with a proven platform, a mission-driven culture, and deep partnerships across public and private sectors. ' The new capital will be used to scale WakeCap's presence across existing and new markets, deepen its product capabilities, and expand integrations with key industry platforms. The company is also growing its team across engineering, customer success, and product leadership. WakeCap's momentum comes at a time when global infrastructure investment is surging, with the Kingdom of Saudi Arabia alone investing nearly $1 trillion in construction and urban development. WakeCap's ability to bridge Silicon Valley innovation with Saudi-scale delivery uniquely positions the company at the intersection of AI, IoT, and industrial transformation.
Wamda
13-05-2025
- Business
- Wamda
WakeCap closes $28 million investment to expand AI-driven construction solutions
Saudi Arabia-based contech WakeCap has secured $28 million in new funding at the Saudi-US Investment Forum to expand its services and technologies for improving construction site safety and productivity. Founded in 2017 by Hassan Albalawi and Ishita Sood, WakeCap specialises in wearable tech solutions that provide real-time monitoring for contractors and project managers, reducing risks and improving efficiency on construction projects. The funding will help WakeCap expand within Saudi Arabia and into regional and international markets, further enhancing its data analytics and digital integration capabilities in the construction sector. In April 2022, WakeCap raised an undisclosed investment from Wa'ed. Press release: WakeCap, a leading construction technology startup, has announced the successful closure of a $28 million funding round at the Saudi-US Investment Forum. The investment will support the company's efforts to expand its services and enhance its technologies aimed at improving safety and productivity at construction sites. WakeCap specialises in developing wearable technology solutions that enable contractors and project managers to monitor workers and field operations in real-time, helping to reduce risks and improve operational efficiency on large-scale construction projects. This funding will bolster the company's growth and its ability to provide advanced data analytics and digital integration in the construction sector, a market that has historically been slow to embrace digital transformation. This funding comes amid growing momentum in Saudi Arabia's startup sector, which is becoming increasingly recognised as the largest market for venture capital investments in the region. According to recent reports, Saudi Arabia is set to become the top market for venture capital funding in the MENA region in Q1 2025. Founded in Saudi Arabia, WakeCap focuses on leveraging wearable technologies and the Internet of Things (IoT) to gather and analyse real-time data from construction sites. The company's innovative solutions aim to enhance safety standards and operational efficiency, positioning it at the forefront of the digital transformation of the construction industry. With the new funding, WakeCap aims to expand its operations within Saudi Arabia and across regional and international markets. The company plans to enhance its data analytics capabilities and further integrate digital solutions in an industry that remains one of the least digitally transformed.
