WakeCap gets funding to scale construction tech

WakeCap, the sensor-powered project intelligence and controls platform trusted by major construction and oil and gas programmes, has raised US$28mn in a Series A round to accelerate its mission of making jobsites safer and more efficient.

The funding round was led by UP.Partners, with participation from Graphene Ventures and strategic investors across the US, Saudi Arabia, and Asia.

At the core of WakeCap’s platform is a commitment to safety. By providing live, site-wide visibility into workforce activity, safety risks, and incident response, WakeCap helps transform construction sites into safer, smarter workplaces. With over 150 million labour hours tracked and deployments on US$80bn worth of projects including Aramco, NEOM, Qiddiya, and King Salman Park.

WakeCap has proven its ability to reduce safety issues by 91% and improve incident response times by 70%.

"WakeCap's ability to capture and act on real-time jobsite data is critical for high-performing project controls,” said Dr. Hassan Albalawi, CEO and founder of WakeCap. “This round fuels our next stage of growth as we expand our global footprint, increasing the value we deliver to customers through richer insights, faster reporting, and greater operational efficiency. It will allow us to deepen integrations with key ecosystem partners such as Oracle and OpenSpace. 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.”

Increasing efficiency

By combining rugged, wearable hardware with enterprise-ready software, WakeCap ensures real-time visibility across critical jobsite functions, from worker access and equipment tracking to hazard alerts and compliance reporting. Unlike traditional systems, WakeCap’s non-intrusive technology works without disrupting operations, helping safety teams respond proactively rather than reactively.

“WakeCap sits at the intersection of two massive forces – the scale of global infrastructure investment and the digitisation of construction,” said Adam Grosser, chairman and managing Partner at UP.Partners. “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.”

WakeCap’s rapid growth reflects a wider shift in how safety and digital transformation are converging in construction. As one of the first Saudi-founded startups to acquire a Silicon Valley tech company, the firm now operates across Saudi Arabia, the UAE, Japan, and the US, with a team of professionals from 34 nationalities.

“WakeCap exemplifies what the future of construction looks like: intelligent, connected, and global,” said Nabil Borhanu, founder and managing partner at Graphene Ventures. “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.”

The newly raised capital will be directed toward expanding WakeCap’s presence in strategic markets, enhancing its safety-focused capabilities, and integrating with leading industry platforms. The company is also scaling its workforce across engineering, product, and customer success teams.