WakeCap acquires Crews by Core AI-powered project delivery platform [Yahoo! Finance]
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Palantir Technologies Inc. Class A (PLTR)
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Source: Yahoo! Finance
Financial terms of the deal remain undisclosed. This move is set to create a comprehensive software as a service (SaaS) and IoT solution for managing construction mega projects. With the acquisition, WakeCap aims to open a research and development (R&D) headquarters in Silicon Valley. The move will integrate WakeCap's connected worker, time and progress measurement, as well as safety incident prevention and management solutions with Crews by Core's project delivery platform. This will allow WakeCap to provide customers with immediate ways to quantify and mitigate jobsite inefficiencies. WakeCap's existing IoT network tracks people, equipment, and vehicles, as well as automates data collection on the job site. It is said to save time and reduce labour costs by at least 20% while enhancing worker safety. The new features to be added include lookahead scheduling, communication, and financial risk assessment and mitigation. Commenting on Crews by Core CEO and founder Di-A
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PLTR
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- 5/6/24 - Beat
PLTR
Sec Filings
- 7/2/24 - Form 4
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- 6/21/24 - Form 4
- PLTR's page on the SEC website