Global Con-tech Company Angelswing has won first in the ‘Rocket Fuel Pitch Competition’ at Saudi's LEAP 2024, securing the Technology for Humanity Award.
LEAP 2024, held under the auspices of the Saudi Ministry of Communications and Information Technology (MCIT) from the 4th to the 7th of March in Riyadh, Saudi Arabia, is renowned as the global IT exhibition attracting the highest number of visitors worldwide.
The pitch competition, orchestrated by the National Technology Development Program (NTDP) of the Saudi government, saw participation from over 2,500 companies. Angelswing emerged as one of the 12 finalists, eventually winning the Tech for Humanity Award and a prize of 150,000 USD.
In the final round, Angelswing presented a vision that extends beyond smart construction to include technologies and business expansion aimed at enhancing safety and disaster response in smart cities. Peter Park, CEO of Angelswing, captivated the judges with a business model that leverages reality-based digital twin technology, focusing on real-time and automated processes to achieve significant societal impact.
As a leading enterprise in digital twin and con-tech solutions through drone technology, Angelswing is committed to digitizing Saudi's mega construction projects and enhancing operational efficiency on-site. Following its success at Saudi's largest startup exhibition, Biban, where it also secured the first-place finish last year, the company is actively expanding its business, having signed MOUs with Saudi government agencies, including the Ministry of Investment (MISA).