168极速赛车开奖,168极速赛车一分钟直播 Opteam Archives - My Startup World - Everything About the World of Startups! https://mystartupworld.com/tag/opteam/ Thu, 27 Mar 2025 11:05:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 168极速赛车开奖,168极速赛车一分钟直播 Opteam revolutionizing construction with AI in the region https://mystartupworld.com/opteam-revolutionizing-construction-with-ai-in-the-region/ Thu, 27 Mar 2025 06:37:19 +0000 https://mystartupworld.com/?p=42083 Opteam co-founder Ahmed Hegazy emphasizes how their AI-driven automation is revolutionizing construction management—minimizing delays, eliminating inefficiencies, and transforming project tracking and decision-making across the MENA region. What inspired you and your co-founder, Dr. Tarek Hegazy, to establish Opteam, and how does your combined experience influence the company’s vision? Well, first of all, my father being […]

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Opteam co-founder Ahmed Hegazy emphasizes how their AI-driven automation is revolutionizing construction management—minimizing delays, eliminating inefficiencies, and transforming project tracking and decision-making across the MENA region.

What inspired you and your co-founder, Dr. Tarek Hegazy, to establish Opteam, and how does your combined experience influence the company’s vision?
Well, first of all, my father being a co-founder means I have a professional and personal answer to this question. The professional answer is that we both come from different sides of the same industry, which is extremely complimentary.

Dr Tarek has worked in and researched construction project management for 20+ years, while I spent my career in the business side of enterprise software, including project management. His industry knowledge and my business experience means we are very well equiped to take on this market.
On the personal side if I am being truly honest, it is an emotional and meaningful journey for me to take my father’s life’s work and contribute to his legacy.

Can you elaborate on how Opteam’s AI-driven construction management software addresses the specific challenges faced by the construction industry in the MENA region?
You might be surprised to learn that the MENA region suffers from the highest amount of time and cost overruns than anywhere else in the world! Although projects in the region are extremely innovative and ambitious, execution still relies on tools that were invented in the 70’s (around the same year the internet was invented).

It is both a well-researched conclusion and a known fact that proper tracking is the most effective way to combat delays. So Opteam uses AI to automate the extremely manual process of collecting progress data from the site. Basically, the system communicates with the team over WhatsApp and dashboards and reports the latest status in the most reliable and least intrusive way possible.

With the recent pre-seed funding, what are your immediate priorities for enhancing Opteam’s AI capabilities and expanding your team?
Our goal now is to drive sales and adoption of Opteam primarily in the UAE. As we have recently launched the product and have current users, it is critical for us to continue to shape the solution according to the needs of the industry. So our biggest priority is being active on the ground, marketing the product, engaging with customers and feeding the input directly to our tech team to fuel improvements. To that end, we are growing our dev team to keep up with the very fast pace.

How does Opteam’s generative scheduling feature work, and what advantages does it offer over traditional project management methods?
Given that over 70% of projects face unavoidable delays, a key question is not just how to prevent them, but also how to react effectively when they occur. Opteam’s generative scheduling feature allows project managers to generate new, alternate pathways to complete the project from any point in time. This allows them to generate scenarios that achieve their objectives within their resource limitations.
If you’ve seen the movie The Avengers, there is a scene where Dr. Strange peers into the future to view all the possible outcomes of the coming battle. This allowed him to identify the best outcome, and informed his decisions to make this result a certainty. That’s essentially what we’ve done for project management!

Could you discuss the strategic significance of your partnerships with investors like Plus VC, Dar Ventures, SIAC Ventures, and Oraseya Capital?
We at Opteam are extremely fortunate to have such a powerful lineup of investors. Each investor brings a unique value that is essential to our growth, and each one’s participation in our journey represents its own unique validation.

Dar Ventures is owned by Dar Al Handasah, one of the largest construction consultants in the region.
SIAC Ventures is owned by SIAC, one of the most strategic construction contractors in the region.
Oraseya Capital is owned by DIEZ, which has several construction projects for which they are the owner.
And, PlusVC is one of the region’s most active and well respected VCs, representing the business and startup world. This gives us critical access to finance, operational, sales/marketing, and other cirtical support and resources

What strategies are you implementing to establish and grow Opteam’s market presence in the UAE and Saudi Arabia?
The first thing is that Opteam is extremely consumable to use. Companies in UAE and Saudi can simply create an account on the website, and they get a free trial with unlimited features. To start using the software, they just drag and drop their schedule file. It’s that easy.

In addition to this, the strongest pathway to B2B startup success in this region is network. We are grateful that companies have been seeing such value that our inbound traffic is quite high and fills our pipeline with new opportunities.

How does Opteam’s platform integrate advanced data analytics, mobile progress tracking, and automation to optimize construction project outcomes?
Did you know that 15% of construction time is being spent looking for information? This is because of the heavy reliance on manual data entry, multiple tools, and spreadsheets being sent between the office and the construction site to collect progress. On average, just for an update to be preported, the process of collecting and organizing progress data takes 2 weeks.

Opteam automates communication to the people on the site, sending progress data straight to their mobile. This allows Opteam to give real-time dashboards and insights on the latest status, flag risks, and create recovery strategies for the project. On average, we see that the task of collecting progress can be simplified by up to 80%.

Looking ahead, what are your long-term goals for Opteam, and how do you envision your technology transforming the construction industry?
95% of construction data goes unused. We will most certainly target this data and invest more into our AI analytics capabilities. By doing so, countless manual and extremely expensive processes, such as analyzing delays, preparing claims, and more, can be automated.

The other area we are examining is creating a 3D visualization of the construction site. This would further reduce the gap between the office and the construction site teams and provide critical information when it is needed.

 

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168极速赛车开奖,168极速赛车一分钟直播 Opteam raises pre-seed funding from Plus VC https://mystartupworld.com/opteam-raises-pre-seed-funding-from-plus-vc/ Wed, 15 Jan 2025 09:40:24 +0000 https://mystartupworld.com/?p=40987 Opteam, an innovative AI-driven construction management software, has announced today that it has successfully closed its pre-seed round for an undisclosed amount from Plus VC, MENA’s most active venture capital firm, to accelerate its mission of transforming the construction industry. Other strategic investors who participated in the seed round are Dar Ventures, the VC arm […]

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Opteam, an innovative AI-driven construction management software, has announced today that it has successfully closed its pre-seed round for an undisclosed amount from Plus VC, MENA’s most active venture capital firm, to accelerate its mission of transforming the construction industry. Other strategic investors who participated in the seed round are Dar Ventures, the VC arm of Dar, SIAC Ventures, the VC arm of SIAC Construction, and Oraseya Capital, the VC fund of Dubai Integrated Economic Zones Authority, thereby incorporating all the prominent key stakeholders required for construction projects.

Established in 2020, Opteam was founded by Dr. Tarek Hegazy, a seasoned professor and researcher with 20 years of experience in advanced computational project management for construction, and his son Ahmed Hegazy, a record-breaking software sales executive with large global companies. Over the course of two decades of research in infrastructure management, Dr. Tarek saw a critical need for a solution that could bridge the gap between project complexity and efficiency. Opteam was designed to do just that, helping construction teams overcome long-standing challenges and realize their full potential in the ever-evolving construction world.

“We are thrilled to partner with Plus VC! Having them on board rounds off our extremely strategic group of investors, spanning key players in the construction industry the MENA region, and the startup ecosystem,” said Ahmed Hegazy, Co-founder and CEO of Opteam. “Plus VC has a strong reputation in the startup world, known for backing and investing in disruptive companies, and we are proud to be one of them. They will be a key player in our mission to penetrate this massive industry and change how companies approach project management. Our strategy is to accelerate our growth as the sole platform for generative scheduling in construction. We are very excited to ramp up our activities and make something truly special.”

The new capital will be deployed to deepen Opteam’s AI capabilities, expand its team and establish its market presence in the UAE and Saudi Arabia. As the construction industry deals with increasingly complex projects with more resource limitations, contractors and consultants are faced with enormous pressure to embrace the benefits of digitization. Opteam’s strategy is to develop AI software that is extremely easy to use and consumable to take advantage of the construction industry’s need to adopt technology that is simple and non-intrusive.

Dr. Tarek Hegazy, Co-founder and CIO at Opteam said: “Opteam is a tool that will finally automate so many of the manual tasks in construction. The Middle East suffers from the highest amount of time and cost overruns than anywhere else globally and is desperate for a solution. We believe that Opteam is perfectly suited to take on this challenge because we are intimately aware of the processes in construction and of the adoption challenges of technology.”

Commenting on the fundraising announcement, Hasan Haider, Managing Partner at +VC said: “Opteam is breaking new ground in construction technology, addressing some of the industry’s most persistent challenges with innovative solutions. It’s a transformative tool for the construction industry, setting new benchmarks for unmatched efficiency and profitability. We are excited to collaborate with Ahmed and his team as they scale and establish themselves as pioneers in the construction tech space.”

Faysal Shair, Co-Founder and Director of Dar Ventures said: “For nearly 70 years, Dar has been part of the architecture, engineering, and construction industry. Opteam has developed a strong business case by disrupting project management on construction sites, to facilitate progress and deliver better outcomes. We truly believe in Opteam’s disruptive and pioneering technology and its ability to successfully manage complex schedules and resources during the construction phase of projects”

Opteam is a first-of-its-kind solution, designed to improve how construction companies manage their data and reduce the time it takes to strategise from weeks to minutes. The software combines advanced data analytics, mobile progress tracking, and automation to support construction teams in optimizing resources, reducing delays, and managing complex schedules. Ultimately, Opteam’s goal is to use this technology to reduce the amount of resources needed for infrastructure by 30%. With a focus on real-time insights and data-driven decision-making, Opteam enables construction teams to automate a large amount of manual tasks, monitor the site with accurate updates, give real-time reporting and intelligently recover project delays.

 

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