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WakeCap completes acquisition of Crews by Core to create comprehensive SAAS and IoT solution

PRIVATEJul 01, 2024

Acquiring Company

WakeCap

Acquired Company

Crews by Core

Palo AltoRiyadhConstructionFinancial ServicesSoftwareArtificial Intelligence

Description

WakeCap, a leading IoT platform for construction project management, has acquired Crews by Core, an AI-powered project delivery platform for the construction industry. This acquisition will create the world’s most comprehensive SAAS and IoT solution for construction mega projects, expanding WakeCap's capabilities and opening an R&D headquarters in Silicon Valley.

Quick answer

WakeCap is acquiring Crews by Core, announced July 1, 2024. WakeCap is based in Palo Alto, California, United States.

How much did WakeCap pay for Crews by Core?
The deal value was not disclosed.
What does WakeCap do?
WakeCap is a leading IoT platform for construction project management, with a focus on boosting productivity and safety in large construction projects.
Where are WakeCap and Crews by Core based?
WakeCap is based in Palo Alto, California, United States. Crews by Core is based in Riyadh, Riyadh Region, Saudi Arabia.

Source: Fundz verified event record.

Other recent acquisitions in Construction and Financial Services

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

WakeCap

Location

Palo Alto, California, United States

About

WakeCap is a leading IoT platform for construction project management, with a focus on boosting productivity and safety in large construction projects. It offers real-time visibility, highly accurate project data, and an innovative wearable and cloud solution. WakeCap has a strong presence in Saudi Arabia and the United States, with deployments on mega sites and giga sites, averaging over 2,000 workers per project and logging over 70 million worker-hours.

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Frequently asked

Who acquired Crews by Core?

Crews by Core was acquired by WakeCap, based in Palo Alto. The deal was reported on July 1, 2024. WakeCap is a leading IoT platform for construction project management, with a focus on boosting productivity and safety in large construction projects. WakeCap is privately held and operates in Construction.

When did WakeCap acquire Crews by Core?

WakeCap's acquisition of Crews by Core was reported on July 1, 2024. WakeCap, a leading IoT platform for construction project management, has acquired Crews by Core, an AI-powered project delivery platform for the construction industry. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Crews by Core do?

Crews by Core is an AI-powered project delivery platform focused on de-risking the construction process. It is privately held, operating in Financial Services, and is based in Riyadh.

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