WakeCap acquires Trackfy to expand global industrial capabilities

WakeCap, the sensor-powered project intelligence and controls platform used across major global construction and oil and gas projects, has announced its acquisition of Trackfy, a workforce safety and operational platform serving industrial companies.

The move reflects the Saudi company’s strategy to expand internationally, broaden its product capabilities, and strengthen relationships across the full construction and industrial lifecycle.

The expansion comes as global infrastructure spending accelerates, with Saudi Arabia alone investing nearly US$1 trillion in construction and urban development. In line with Vision 2030’s goals for safer, smarter and more sustainable built environments, WakeCap’s blend of Silicon Valley innovation, large-scale Saudi delivery and, now, Brazilian market access positions the company at the forefront of AI- and IoT-driven industrial transformation.

With Brazil set to serve as WakeCap’s LATAM headquarters, the acquisition extends the company’s reach beyond construction into long-term operations and maintenance. By integrating Trackfy’s industrial capabilities, WakeCap can now support clients from the build phase through day-to-day facility operations, offering a fully connected solution across an asset’s entire lifecycle. This creates significantly greater long-term value for customers.

The combined strengths of both companies will merge WakeCap’s leadership in global construction technology with Trackfy’s operational expertise. WakeCap provides live, site-wide visibility on workforce activity, safety, productivity and progress, helping protect workers and improving site reliability. With more than 150mn labour hours tracked and deployments across US$120bn worth of active projects—including Aramco, NEOM, Qiddiya, King Salman Park and international projects in the UAE, US, Brazil and Japan—WakeCap continues to set new benchmarks for data-driven performance, safety and accountability, enabling smarter decisions and lowering insurance costs.

“Trackfy brings both regional expertise and product capabilities that perfectly complement WakeCap’s vision to put workers first, make jobsites safer, and bring clarity to the world’s most complex construction projects,” said Dr. Hassan Albalawi, Co-Founder and CEO of WakeCap. "WakeCap's ability to capture and act on real-time jobsite data is critical for high-performing project controls, and this acquisition 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. This is a strong cultural fit, and we are excited to welcome the Trackfy team to WakeCap.”

“WakeCap’s mission has always been to solve the construction industry’s most urgent problems through data, software, and IoT, while Trackfy has done the same across the operational core of industrial environments,” said Tulio Cerviño, CEO of Trackfy. “Joining forces enables us to scale our technology, expand into new regions, and serve customers across the full lifecycle of industrial projects. This move is more than just an acquisition – it’s a big step toward the realization of a shared vision: to build the global standard for smart operations and industrial intelligence.”