WakeCap Technologies has expanded its global footprint with the acquisition of Trackfy, a leading Brazilian provider of workforce safety and operational tracking solutions. The move marks the Saudi company’s entry into Latin America and reflects its commitment to scaling globally while deepening its capabilities across the construction and industrial sectors.
Headquartered in Riyadh and Silicon Valley, WakeCap operates a sensor-powered project intelligence platform used by some of the world’s largest construction and oil and gas projects. The acquisition of Trackfy positions the company to deliver connected solutions that span the entire facility lifecycle—from construction through daily industrial operations—enhancing long-term customer value and driving stronger data-driven outcomes.
The acquisition also aligns with the Kingdom of Saudi Arabia’s Vision 2030 initiative, which seeks to foster safer and smarter built environments as part of nearly $1 trillion in planned construction and urban development. WakeCap’s integration of Silicon Valley innovation, Saudi-scale delivery, and now a Latin American base through Brazil underscores its ambition to lead the convergence of AI, IoT, and industrial transformation.
Through the acquisition, WakeCap gains operational and maintenance capabilities that enable it to extend support beyond the build phase, providing clients with a single, connected solution for project management, worker safety, and operational performance. This holistic lifecycle approach strengthens WakeCap’s ability to serve industrial clients globally.
Trackfy, recognized as one of the top four IoT startups in Brazil by the 100 Open Startups ranking, offers a robust platform used by leading companies across various sectors, including steel, oil and gas, chemicals, and agriculture. Its technology has delivered measurable performance improvements, including a 67% increase in team productivity, a 25% reduction in work permit processing time, a 50% reduction in emergency evacuation times, and a 33% improvement in worker travel efficiency.
WakeCap, which has tracked over 150 million labor hours and is deployed across US$120 billion in active projects, including Aramco, NEOM, Qiddiya, and King Salman Park, continues to establish itself as a standard-bearer for data-driven construction and industrial performance. The acquisition of Trackfy represents a major step in WakeCap’s evolution as it bridges multiple global markets with a unified vision of industrial intelligence.
KEY QUOTES:
“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. 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.”
Dr. Hassan Albalawi, Co-Founder and CEO, 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. 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.”
Tulio Cerviño, CEO, Trackfy
