Monday, May 10, 2021

Procore Acquires AI - Expands Platform

The acquisition adds computer vision capabilities and AI capabilities to the Procore platform, helping owners, general contractors, and specialty contractors realize greater efficiencies, safety, and profitability.

Procore Technologies has acquired INDUS.AI, makers of an artificial intelligence-powered analytics platform for the construction industry.

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INDUS.AI’s AI engine learns from project management platforms, cameras, sensors, drawings, building information models, schedules, and more — and creates observations, recommendations, and alerts that help project teams make data-driven decisions.

The solutions are used to track and review construction progress, ensure safety and compliance, gain real-time project visibility, view labor deployment, minimize equipment idle time, and resolve claim disputes.

The INDUS.AI acquisition builds on Procore’s acquisition of Avata Intelligence in 2020, which brought world-class AI talent to Procore and is delivering smart automation solutions and predictive insights to Procore customers.

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Gary Fleisher is the Managing Director and contributor to the Modcoach Network and its affiliated blogs. Email at modcoach@gmail.com



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