Shared 02 June, 2025
WakeCap, the sensor-powered project intelligence and controls platform trusted by construction and oil and gas programmes, announced the close of its US$28 million Series A round. The round was led by UP Partners, with participation from Graphene Ventures and strategic investors across the US, Saudi Arabia, and Asia.
The new capital will be used to scale WakeCap’s presence across existing and new markets, deepen its product capabilities, and expand integrations with key industry platforms. The company is also growing its team across engineering, customer success, and product leadership.
WakeCap is a sensor-powered project controls platform built for the world’s most complex construction projects. Deployed across $80B+ in active projects and over 100 million worker hours, WakeCap transforms live jobsite data into actionable insights to improve safety, productivity, and risk management. Trusted by Aramco, NEOM, Qiddiya, and Emaar, WakeCap is building the foundation for a smarter, safer, and more transparent construction industry.
“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 andOpenSpace. 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.”
“WakeCap sits at the intersection of two massive forces – the scale of global infrastructure investment and the digitisation of construction,” said Adam Grosser, Chairperson 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 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.”
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