Opteam, a UAE-based construction technology (contech) startup, has successfully closed its pre-seed funding round, led by Plus VC. The amount remains undisclosed, but the round saw participation from key investors like Dar Ventures, SIAC Ventures, and Oraseya Capital. With this funding, Opteam aims to transform construction project management using AI-driven solutions while expanding its presence in the UAE and Saudi Arabia.
Innovating Construction with AI
Founded in 2020 by Dr. Tarek Hegazy and Ahmed Hegazy, Opteam brings cutting-edge AI to construction management. Dr. Tarek, a seasoned researcher with two decades of expertise in computational project management, teamed up with his son Ahmed, a successful software sales executive. Together, they created Opteam to bridge the gap between the complexity of construction projects and the industry’s need for efficient, tech-driven solutions.
Opteam’s software empowers construction teams to optimize schedules, monitor progress in real time, and streamline workflows, helping companies overcome delays and inefficiencies.
Strategic Investors Backing Growth
This funding round has brought together a powerhouse of investors from the construction and venture capital sectors. In fact, speaking about the partnership, Ahmed Hegazy, Opteam’s co-founder and CEO, said:
“Having Plus VC on board alongside our other strategic investors is a game-changer. Their expertise in startups and disruption will help us scale rapidly and redefine how construction projects are managed. Our mission is to become the go-to platform for generative scheduling in construction.”
Investors like Dar Ventures and SIAC Ventures—both deeply rooted in the construction sector—bring invaluable insights and networks to the table.
How will Opteam address Construction Challenges in UAE
The construction industry, especially in the Middle East, is notorious for significant cost and time overruns. Nonetheless, Opteam tackles this issue head-on by offering AI-powered tools that:
- Automate manual tasks.
- Provide real-time updates and dashboards.
- Deliver data-driven insights for better decision-making.
- Help recover delays through intelligent scheduling.
Dr. Tarek Hegazy, co-founder and CIO, highlighted the significance of the platform:
“The Middle East faces some of the highest levels of delays globally. Opteam’s technology is designed to address these challenges by reducing resource wastage and improving efficiency by up to 30%.”
Building a Future for Smarter Construction
Opteam’s focus isn’t just on digitization. In fact, it aims on making technology accessible and non-intrusive. Therefore, the new funding will go toward enhancing its AI capabilities, growing its team, and expanding operations in the UAE and Saudi Arabia.
Commenting on the funding, Hasan Haider, Managing Partner at Plus VC, said:
“Opteam is setting new standards in construction technology. Their innovative tools are reshaping the industry by driving efficiency and profitability. We’re excited to support them as they scale.”
Similarly, Faysal Shair, Co-Founder of Dar Ventures, added:
“Opteam has created a compelling solution that simplifies project management on construction sites. We’re confident they’ll redefine how resources and schedules are managed during construction.”
Redefining Project Management
Opteam is a first-of-its-kind platform in the region. It combines advanced analytics, mobile progress tracking, and AI-driven automation to deliver faster and more accurate results. By reducing planning time from weeks to minutes and minimizing resource usage, Opteam is setting a new benchmark for construction technology.
With its innovative solutions, Opteam is poised to lead the transformation of the construction sector, making it more efficient, sustainable, and profitable.
