WakeCap has acquired Crews by Core, an AI-powered project delivery platform in the construction sector. This acquisition marks one of the first by a Saudi company of a Silicon Valley tech firm, highlighting significant progress in the Kingdom’s technology industry.
The acquisition will create the world’s most comprehensive SAAS and IoT solution for large-scale construction projects. Additionally, WakeCap plans to open a research and development headquarters in Silicon Valley to solidify its position as a global leader in construction technology.
In this context, Di-Ann Eisnor, CEO and founder of Crews by Core, stated, “Hassan has built a rocket ship. It’s rare to see such significant traction in construction tech, and we are excited to accelerate our mission through this partnership. Saudi Arabia hosts some of the world’s largest projects, making it the perfect place to deploy our project delivery platform.”
Dr. Hassan Albalawi, CEO and founder of WakeCap, added, “Di-Ann’s team possesses immense knowledge and deep technical skills. We are thrilled to bring the two companies together. Their 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.
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