WakeCap, the construction management and IoT platform, has acquired Crews by Core, a Silicon Valley-based AI-powered project delivery platform for the construction industry. With this acquisition, the joint entity will create a comprehensive SaaS and IoT solution company to construct mega projects.
WakeCap will also open an R&D headquarters in Silicon Valley to solidify its global construction tech leader position.
The two companies technologies are already deployed across large sites and megaprojects in the United States, Saudi Arabia, UAE, and Japan, managing tens of thousands of workers performing millions of hours of labour each year.
Customers include Saudi Aramco, Jeddah Central Development Co., Kajima, Takenaka, and Apex Building Group. The acquisition price is not being disclosed.
“Di-Ann’s team has incredible knowledge and deep technical skill. We’re thrilled to bring the two companies together,” explained Dr. Hassan Albalawi, CEO and Founder of WakeCap. “Their world-class team 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.”
Alongside WakeCap’s existing lineup of connected workers, time and progress measurement, and safety incident prevention and management, the merged company will provide owners and contractors with the most comprehensive suite of tools.
Crews by Core’s AI-powered project delivery platform allows WakeCap 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 job site, saving thousands of hours and 20 per cent of labour costs or more and keeping workers safer.
They will add lookahead scheduling, communication, and financial risk assessment and mitigation.
“Hassan has built a rocket ship. It’s rare to see so much traction in construction tech, let alone any tech startup and we’re excited to accelerate our mission with this partnership,” stated Di-Ann Eisnor, CEO and founder of Crews by Core. “Saudi Arabia has some of the largest projects anywhere in the world, and it’s the perfect place to deploy our project delivery platform.”
WakeCap solutions are used by job sites employing tens of thousands of workers, with over 70 million worker hours completed. WakeCap has established high trust and integrity with its customers and, as a result, is delivering several solutions needed on-site.
The global construction industry is valued at over $12 trillion and employs 200 million 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.
