WakeCap Secures $28M Series A to Scale AI-Driven Construction Management Globally
Saudi-based construction technology company WakeCap has successfully closed a US$28 million Series A funding round. The round was led by UP.Partners, with participation from Graphene Ventures and strategic investors across the U.S., Saudi Arabia, and Asia. This investment will fuel WakeCap's global expansion and the development of its sensor-powered project intelligence and controls platform for the construction and oil & gas industries.
Transforming Construction with Project Intelligence
WakeCap is revolutionizing how construction projects are managed by providing live, site-wide visibility across workforce deployment, safety protocols, productivity levels, and project progress. The company's technology is designed to protect and empower jobsite workers, transforming construction sites into safer and more reliable environments. This Series A funding, spearheaded by UP.Partners and supported by Graphene Ventures and other key strategic investors, marks a significant milestone for the company.
Live Data for Safer, More Productive Jobsites
Leveraging a combination of rugged hardware and enterprise-ready software, WakeCap delivers real-time project intelligence. This includes tracking worker access and equipment utilization, issuing safety alerts, and monitoring progress, all without disrupting existing jobsite workflows. The impact of WakeCap's system is substantial:
Tracked over 150 million labor hours.
Deployed across US$80 billion in active projects.
Trusted by major clients such as Aramco, NEOM, Qiddiya, King Salman Park, and Emaar, with global projects in the UAE, US, and Japan.
Demonstrated a 91% reduction in safety issues.
Achieved a 25% gain in productivity.
Enabled 70% faster incident response times.
These metrics illustrate how WakeCap is setting new standards for data-driven performance, safety, and accountability on jobsites, leading to more informed business decisions and reduced insurance costs.
Fueling Global Expansion and Product Enhancement
The new capital will be instrumental in scaling WakeCap’s presence in existing and new markets. Key areas for investment include:
Deepening its product capabilities to offer richer insights and faster reporting.
Enhancing operational efficiency for its clients.
Expanding integrations with key industry ecosystem partners such as Oracle and OpenSpace.
Growing its team across engineering, customer success, and product leadership.
Investor Confidence and Market Vision
Dr. Hassan Albalawi, CEO and Founder of WakeCap, stated, "WakeCap's ability to capture and act on real-time jobsite data is critical for high-performing project controls. This round fuels our next stage of growth as we expand our global footprint, increasing the value we deliver to customers... 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.”
Adam Grosser, Chairman and Managing Partner at UP.Partners, commented, “WakeCap sits at the intersection of two massive forces – the scale of global infrastructure investment and the digitization of construction. 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.”
Nabil Borhanu, Founder and Managing Partner at Graphene Ventures, added, “WakeCap exemplifies what the future of construction looks like: intelligent, connected, and global. 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.”
This momentum comes as global infrastructure investment surges, with Saudi Arabia alone investing nearly $1 trillion in construction and urban development.
A Saudi Startup with Silicon Valley Connections
WakeCap's expansion reflects a growing trend in tech collaboration between the United States and Saudi Arabia. Notably, WakeCap stands 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 diverse team representing 34 nationalities.
About WakeCap
WakeCap is a sensor-powered project controls platform built for the world’s most complex construction projects. Deployed across over $80 billion in active projects and having tracked more than 150 million worker hours, WakeCap transforms live jobsite data into actionable insights to improve safety, productivity, and risk management. Trusted by industry leaders like Aramco, NEOM, Qiddiya, and Emaar, WakeCap is building the foundation for a smarter, safer, and more transparent construction industry. Learn more at www.wakecap.com.
Looking Ahead
With this substantial Series A funding, WakeCap is strongly positioned to accelerate its mission of digitizing construction sites globally. Its innovative approach, combining IoT, AI, and data analytics, promises to bring much-needed efficiency, safety, and transparency to one of the world's largest and most critical industries.