Founded in 2017 with offices in Riyadh, Dubai, and San Francisco, WakeCap's technology enables real-time monitoring and data collection on complex construction projects. The company acquired Trackfy in October 2025 to enhance its portfolio in workforce safety and operational monitoring. WakeCap raised $28 million in Series A funding led by UP Partners, positioning it for geographic expansion and scale.
Cyborg Score Rationale
WakeCap demonstrates solid market traction with deployment across marquee megaprojects and a meaningful $28M Series A raise (May 2025). The acquisition of Trackfy signals execution capability and portfolio expansion. However, as a private company in a fragmented market, revenue, profitability, and long-term unit economics remain opaque.
Top Insights
Breakthrough feature: sensor harness built into standard safety helmets with mesh-network connectivity (no GPS/Wi-Fi required), enabling scale on remote/enclosed sites
Documented customer wins: 65% reduction in paid idle hours and 37% improvement in site attendance post-VerifyTime deployment
High-stakes customer base: NEOM, ARAMCO, Qiddiya—megaprojects with exacting safety and compliance requirements drive product iteration
Recent momentum: acquired Trackfy (October 2025) to add worker health/compliance capabilities; $28M Series A (May 2025) signals investor confidence in construction tech market
Named Competitors
Touchplan — Real-time project control and planning software for construction
Triax Technologies — AI-powered wearable sensors and safety intelligence platform for construction
Doxel — AI and computer vision platform for real-time construction site progress tracking and productivity
Kinaxis — Real-time operations and supply chain visibility platform for complex projects
Recent Developments
(May 2025) Raised $28 million in Series A funding led by UP Partners
(October 2025) Acquired Trackfy, a Brazilian workforce protection and operational monitoring provider
(February 2024) Launched VerifyTime, a cloud-based workforce management solution automating timekeeping on construction sites
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