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WakeCap Technologies Company

https://www.wakecap.com/

The Problem: Construction's poor productivity leads to 98% of the construction projects incurring cost overruns or delays due lack of connectivity, slow information sharing and a lack of automation on site.

Why: Construction is among the least digitized sectors due to: (1) The dynamic nature of the job sites (2) lack of AC Power &  connectivity on site, (3) labors reluctance to adopt technology, (4) Existing wearables in the market are not suitable construction tough environment.

Solution: Connecting workers with zero-training & zero-configuration via wearable solution integrated seamlessly into the existing safety hard hat.

Value-add: Site management gets a 99% reliable data record of personnel onsite without any change or action for input from the onsite crew. This is Critical for: (1)Enhanced Risk Management: increase compliance, incident response. (2) Authenticated Time Tracking: get actual arrive/depart timestamps, overtime disputes, absence report. (3)Productivity Analytics Unlocked: benchmark hourly productivity at the level of each activity.

Team: Team of 55 from 8 different countries, experience in AI, Technology, Construction and Data Analytics.

Traction: +15,000 connected workers to date, over 30+million person-hours logged using WakeCap.  We have deployed the largest connected construction sites in the world.

Funding: We are looking for a strategic investors that help us grow and expand globally. Raising $6m for our series-A round, in which $2M is already committed from existing investors, and looking to close in Q1'22.
Startup profile
Startup stage
Growth
Tech Industry
AI, Analytics, Big Data, Hardware, IoT, Productivity, Software Dev
Tags
Artificial Intelligence, Enterprise Technology, Data Analytics, Saas, Software and Data-other, Hardware, Software, Hardware & IoT-other, Smart City
N. of Employees
50 - 249
Year Enstablishment
2017
Turnover
$500000
Startup Team
Contact person 1
Yes
Name
Hassan
Surname
Albalawi
Role
CEO and Founder
Email
hassan@wakecap.com
Linkedin profile
Professional Experience
12 years
Contact person 2
Yes
Name
Shahad
Surname
Alkhatiri
Email
shahad@wakecap.com
Linkedin profile
Professional Experience
5 years
Contact person 3
No
Contact person 4
No
Investments
Last Round of Investment
Seed
Round State
Closed
Year
2019
Amount
4600000
Investors
Graphene Ventures, SOSV, Consolidated Contractors Company , New York University, AbuNayyan Holding, Amana Contracting, Inspire Ventures, Seedco Capital
Other Round of Investment
Series A
Round State
Open
Year
2022
Amount
6000000
Investors
Graphene Ventures, SOSV
Investors
Graphene Ventures, SOSV,
Youtube Video
Categories
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