The startup develops a construction data collection technology that utilizes Internet-of-Things sensors and real-time data analytics to monitor workforce presence and optimize resource allocation. This approach enhances productivity and safety while providing actionable insights for informed decision-making in the construction industry.
Funding
$12.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
WEFounders
Product
Problem
Construction sites face challenges in accurately tracking workforce attendance, managing labor costs, and ensuring worker safety due to reliance on manual processes and limited real-time visibility. Inefficient timekeeping, lack of insights into worker location, and delayed incident response can lead to budget overruns, project delays, and increased safety risks.
Solution
WakeCap provides an IoT-based enterprise solution that leverages wearable technology and a proprietary wireless mesh network to monitor workforce activity, automate timekeeping, and enhance safety on construction sites. The system uses a knob that attaches to standard hard hats, transmitting data via WakeCap's network to a cloud-based platform. This enables real-time visibility into worker location, automated time and attendance tracking, and rapid detection of safety incidents such as falls or head impacts. The platform offers customizable reports and analytics to improve labor productivity, optimize resource allocation, and ensure compliance with safety regulations.
Target Audience
The primary target audience includes project owners, general contractors, and safety managers in the construction, manufacturing, oil and gas, and mining industries who need to improve workforce productivity, safety, and timekeeping accuracy.
Features
- Real-time location tracking of workers via hard hat-mounted sensors
- Automated timekeeping with geofencing capabilities for accurate attendance monitoring
- Worker-down (fall) detection and head-impact detection with immediate alerts to safety officers
- Panic/SOS emergency alerts initiated by workers with location identification
- Site emergency evacuation support with mustering point notification and reporting
- Temperature and humidity monitoring with alerts for unsafe working conditions
- Integration with payroll systems and HR management platforms
- Customizable dashboards and reports for labor productivity analysis, cost tracking, and project schedule monitoring
- Mobile application for site owners and contractors to access real-time data and reports
- Two pricing models: SAAS + IoT hardware purchase and a full rental + SAAS model