Saudi Arabia-based construction tech startup WakeCap just secured a major win, a $28 million investment round closed during the Saudi-US Investment Forum. This fresh funding will supercharge its mission to transform construction sites into smarter, safer, and more connected environments.
Building Smarter with Wearable Tech
Founded in 2017 by Hassan Albalawi and Ishita Sood, WakeCap is changing how construction works by leveraging AI, IoT, and wearable technology. Its platform enables real-time monitoring of construction sites — helping contractors and project managers track workers, streamline operations, and reduce safety risks.
- âś… Live data from wearables
- âś… Enhanced safety protocols
- âś… Improved project efficiency
- âś… Fewer on-site incidents
The goal? To bring digital intelligence to an industry that’s still catching up with modern tech.
“We’re focused on boosting safety and productivity with data-driven insights, turning job sites into connected ecosystems,” said the WakeCap team.
What the $28M Investment Means
This funding will allow WakeCap to:
- Scale operations across Saudi Arabia
- Expand into international markets
- Level up its data analytics capabilities
- Drive deeper digital integration in construction
The investment couldn’t come at a better time. Saudi Arabia’s startup ecosystem is booming, and is now the largest market for venture capital in the MENA region, set to top the charts for VC activity in Q1 2025.
Rewiring an Old-School Industry
The construction sector has long been resistant to change, often relying on outdated systems and processes. WakeCap is on a mission to flip that narrative.
By collecting real-time data through wearables, they empower companies to:
- ✔️ Monitor site activity minute-by-minute
- ✔️ Make data-informed decisions
- ✔️ Reduce delays and downtime
- ✔️ Improve worker safety standards
Their technology is already being used on major construction projects to track productivity, ensure safety compliance, and create a digital record of site activity, all in real-time.
What’s Next?
With this new funding, WakeCap will focus on:
- Scaling its platform in the Gulf region and beyond
- Enhancing AI-powered analytics for deeper operational insights
- Building strategic partnerships to fuel global expansion
This is not the first time WakeCap has attracted investment. In April 2022, it secured undisclosed backing from Wa’ed, further cementing its position as a key player in contech innovation.
Final Word
WakeCap is proving that even the most traditional industries can benefit from smart tech. With a powerful combo of funding, vision, and innovation, they’re laying the groundwork for a safer and more efficient global construction industry, one wearable at a time.