WakeCap, a leading IoT construction project management platform, has acquired AI-powered project delivery platform Crews by Core
The acquisition will create the world’s most comprehensive SAAS and IoT solution for construction megaprojects, WakeCap said.
Through the transaction, Saudia Arabia-based WakeCap will open an R&D headquarters in Silicon Valley to solidify its position as a global construction tech leader.
A single platform for construction operations
WakeCap’s construction project management solutions are used by jobsites employing tens of thousands of workers, with over 70m worker hours completed.
Alongside its existing line-up of connected worker, time and progress measurement, and safety incident prevention and management, Crews by Core’s AI-powered project delivery platform gives it the ability to offer customers immediate ways to quantify and mitigate jobsite inefficiencies.
WakeCap’s IoT network for people, equipment, and vehicles provides rich automated data on the jobsite, saving thousands of hours and 20% of labor costs or more in addition to keeping workers safer.
Now they will add lookahead scheduling, communication, and financial risk assessment and mitigation.
More efficient construction processes with unified solutions
The global construction industry is valued at more than $12tn and employs 200m people globally, yet notoriously relies on offline and inefficient processes.
Miscommunication, poor collaboration, and worker shortages lead to crews wasting hours per week on non-productive tasks. This is a longstanding, industry-wide problem that WakeCap has been tackling with its IoT platform, as has Crews by Core with its AI-powered project delivery platform.
The two companies’ technologies are already deployed across large sites and megaprojects in the United States, Saudi Arabia, UAE and Japan.
Dr Hassan Albalawi, CEO and founder of WakeCap, said Crews by Core’s team has “incredible knowledge and deep technical skill”.
“Their team is world class and has built some of the most important companies in Silicon Valley including Paypal, Waze, Google Chrome, and Palantir. They know how to scale technology platforms,” he added.
Di-Ann Eisnor, CEO and founder of Crews by Core, said: “Hassan has built a rocket ship. It’s rare to see so much traction in construction tech, let alone any tech start-up, and we’re excited to accelerate our mission with this partnership.
“Saudi Arabia has some of the largest projects anywhere in the world and it’s the perfect place to deploy our project delivery platform.”
