Saudi-Based WakeCap Raises $28 Million to Expand AI Construction Tech

Saudi-based construction tech startup WakeCap has raised $28 million in a Series B funding round led by global investment firm 3S Capital. Other participants in the round include an undisclosed group of investors from the US, Europe, and the MENA region.

Founded in 2017 by Saudi entrepreneur Hassan Albalawi, WakeCap provides AI-powered solutions to enhance visibility and operational efficiency on construction sites. The startup’s wearable IoT hardware enables real-time monitoring of workforce activity and equipment usage, helping project managers reduce delays, improve safety compliance, and boost overall productivity.

WakeCap currently operates in more than 150 sites across the UAE, Saudi Arabia, and the US, with clients including Consolidated Contractors Company (CCC), Saudi Aramco, and Besix. Its latest funding will be used to further develop its data platform, expand internationally, and strengthen its presence in North America and Europe.