WakeCap, a Saudi-based construction tech pioneer, has secured $28 million in Series A funding to scale its AI-powered, real-time site intelligence solutions globally.
UP led the funding round announced during the Saudi-U.S. Investment Forum. Partners, with backing from Graphene Ventures and a network of strategic investors from the U.S., Saudi Arabia, and Asia.
This milestone investment strengthens WakeCap’s mission to digitize one of the world’s most traditional industries by combining wearable IoT technology and AI to deliver smarter, safer, and more efficient construction project management.
Founded in 2017 by Dr. Hassan Albalawi and Ishita Sood, WakeCap provides a sensor-driven platform that tracks workforce performance, safety metrics, and site productivity, enabling real-time, data-informed decisions for project managers.
To date, WakeCap has tracked over 150 million worker hours across $80 billion in high-value construction projects.
Its solutions are already in use on mega-developments including NEOM, Aramco, King Salman Park, and Qiddiya, as well as projects in the UAE, USA, and Japan.
Why WakeCap Matters for Tech Startups in MENA
WakeCap’s success showcases the power of homegrown innovation in Saudi Arabia and the broader MENA startup ecosystem. It sets a precedent for regional tech startups looking to scale globally by solving real-world challenges through AI and IoT.
For emerging MENA startups, especially in proptech, AI, and industrial IoT, this round highlights both investor interest and the growing demand for deep tech solutions rooted in regional expertise.
WakeCap’s technology has already demonstrated measurable impact:
- 91% reduction in safety incidents
- 25% boost in overall site productivity
- 70% faster incident response times
These results not only reduce insurance costs and operational risks but also prove the platform’s value in an industry ripe for digital disruption.
Scaling Up with Strategic Focus
The $28M funding will fuel:
- Global market expansion
- Advanced AI and IoT product development
- Platform integrations with Oracle, OpenSpace & others
- Team growth in engineering, product, and customer success
Backed by Vision and Global Expertise
“WakeCap sits at the intersection of infrastructure investment and construction tech’s digital leap,” said Adam Grosser, Chairman at UP. Partners.
“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,” added CEO Dr. Albalawi.
With a team spanning 34 nationalities and operations in Saudi Arabia, the UAE, the U.S., and Japan, WakeCap is bridging Silicon Valley innovation with Saudi Vision 2030, paving the way for smarter infrastructure development worldwide.
