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Opteam Key Highlights: MENA, United Arab Emirates 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 much 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 manualtasks, monitor the site with accurate updates, give real-time reporting and intelligently recover project delays. -Ends- About Opteam Opteam empowers construction teams with tools for monitoring progress, real-time dashboards and intelligent schedule optimization. Founded by Dr. Tarek Hegazy, an expert in construction management, and his son Ahmed Hegazy, an experienced software executive, Opteam is redefining project management for the construction industry. Opteam team has won a few awards to their credit such as the Pitch Competition at the Big 5 event, and was selected by Sandbox (Oraseya Capital’s early stage investment program) as one of 20 companies out of a group of 1,500 startups that applied. Dr. Tarek has received several awards for his research and is one of the top 5 most cited civil engineers in North America. About Dar Dar Ventures is the venture capital arm of Dar, a world-class design and engineering consultancy and the founder of the award-winning top 10 international design firm Sidara. We empower innovators and researchers to deliver exceptional and innovative solutions and products that reimagine the industry as more efficient, sustainable, resilient, and aligned with global goals for people and the planet.

Ahmed Hegazy, Co-founder of Opteam, Speaks to Entrepreneurs at Dubai Founders Community Event At the Dubai Founders Community event in5 Innovation Center, Ahmed Hegazy, Co-founder of Opteam, unveiled a groundbreaking vision for the future of construction technology in the Middle East and North Africa (MENA), emphasizing the integration of AI and generative scheduling to optimize Primavera. Opteam, a pioneering force in construction tech, showcased its commitment to revolutionizing project management through advanced technologies. Hegazy highlighted the incorporation of artificial intelligence (AI) and generative scheduling, aiming to redefine how projects are executed and managed in MENA. The event provided a glimpse into Opteam’s innovative solutions, focusing on leveraging AI for efficient decision-making and generative scheduling to enhance project timelines. With a strategic approach to optimizing Primavera, Opteam envisions a transformative impact on the region’s construction industry. As Ahmed Hegazy positions Opteam at the forefront of advancements in construction tech, the company’s vision promises a future marked by streamlined processes, enhanced communication, and unparalleled efficiency in project management. The strategic integration of AI and generative scheduling positions Opteam as a catalyst for growth and innovation in MENA’s construction tech landscape.

Opteam is proud to announce the beta release of Opteam Plans, a revolutionary generative scheduling tool that is the first of its kind, transforming project management dynamics with a single click on Primavera P6. Opteam Plans enters the market as a groundbreaking solution, currently in its beta phase, offering construction companies an unparalleled tool to automatically enhance Primavera P6 schedules. This innovative product aims to empower project managers to effortlessly recover delays, gain a competitive edge in bids, and strengthen claims reconciliation processes. Being the first-of-its-kind generative scheduling tool, Opteam Plans showcases the forefront of technological advancement in the construction industry. The beta release provides an exclusive opportunity for construction professionals to experience the transformative capabilities of Opteam Plans before its official launch. Opteam’s commitment to innovation shines through redifining project management practices. Construction companies participating in the beta release can be at the forefront of this evolution, gaining a strategic advantage in project optimization. Witness the future of construction project management with Opteam Plans, the first-of-its-kind generative scheduling tool. To explore the future of construction project management today, construction companies can participate in the beta release by clicking here. Take the first step toward optimizing your projects with Opteam Plans, and be part of the evolution in construction technology.

MBRIF selects innovative AI company Opteam in newest cohort

Ahmed Hegazy presents the Opteam story at Ahoy’s 24six9 startup event In a world where innovation and entrepreneurship are driving global change, startup incubators like AHOY’s 24six9 are playing an essential role. Their mission? To democratize access to success for everyone with a great idea and the ability to execute it, truly enabling social and mankind mobility. Ahmed Hegazy, the visionary behind Opteam, recently took to the stage at 24six9’s event, demonstrating how Opteam has harnessed this opportunity to disrupt the infrastructure industry. AHOY’s startup studio is built with the sole purpose of nurturing the next generation of unicorns that are seeking to add real value and precipitate change. This singular startup studio has been geared to establish an ecosystem that fosters novel tech-powered startups from inception to full maturity. Hegazy’s Opteam has proven to be a standout example of the potential such an environment can unlock. Hegazy’s presentation at the event provided a unique insight into the journey of Opteam. Opteam, a company that specializes in AI-based solutions for infrastructure projects, is a shining testament to the power of innovation coupled with a deep understanding of industry-specific challenges. Under Hegazy’s leadership, Opteam has redefined how businesses approach their infrastructure projects. Through tailored, versatile, and innovative solutions like Construction Fast Tracking and Asset Renewal Planning, Opteam is revolutionizing the industry. By turning static plans into dynamic, data-driven strategies, Opteam ensures its clients always stay ahead of the curve. The attendees at 24six9’s event were particularly captivated by Opteam’s dedication to environmental sustainability. Hegazy elaborated on how the use of AI not only improves efficiency and reduces costs but also helps in making responsible use of resources. As Hegazy aptly put, “At Opteam, we’re not just building successful businesses; we’re building a sustainable future.” Hegazy’s presentation was a clear demonstration of what 24six9 aims to achieve. By providing a platform for tech-powered startups like Opteam, they are enabling the change-makers of tomorrow. As Hegazy concluded his presentation, he shared a powerful message, “Opteam’s journey is a testament to the potential within us all. It shows that with the right blend of innovation, industry expertise, and an unwavering commitment to value creation, anyone can transform an idea into a world-changing business.” Hegazy’s speech at the 24six9 event left the audience not only inspired but also reminded them of the power of innovation and entrepreneurial spirit in precipitating global change.