Overview

Procore Technologies provides construction management software that helps streamline and improve the efficiency of construction projects. Its platform includes a variety of tools that assist with different stages of construction, such as prequalification, bid management, estimating, quality and safety management, design coordination, and Building Information Modeling (BIM). This software allows construction teams to enhance communication and visibility between field and office operations, ensuring projects are completed on time and within budget. Procore stands out from its competitors by offering a comprehensive suite of features in one platform and providing tailored training and support to help clients maximize the software's potential. The company's goal is to be a trusted partner for construction professionals worldwide, promoting diversity and inclusion while delivering insights into industry trends.

Simplify's Take

What believers are saying

• Procore's AI solutions, launched in 2024, boost construction management efficiency and safety.
• The partnership with FYLD promises a 12% productivity gain by connecting field and office operations.
• Procore's global expansion, including the MENA region, strengthens its market presence.

What critics are saying

• AI integration may face data privacy and security challenges, affecting client trust.
• Strategic shifts in the MENA region could disrupt existing operations and client relationships.
• Integration with Express-Tek might lead to service conflicts, impacting customer satisfaction.

What makes Procore Technologies unique

• Procore offers a comprehensive suite covering all construction stages, from preconstruction to closeout.
• The platform supports over 1,000,000 projects globally, showcasing its extensive reach and reliability.
• Procore's integration with BIM and AI solutions enhances project management and safety.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$552.3M

Above

Industry Average

Funded Over

12 Rounds

Notable Investors:

Tiger GlobalBessemer Venture Partners

Notable Investors:

Tiger GlobalBessemer Venture Partners

$634,000,000

IPO

May 2021

IPO funding comparison data is currently unavailable. We're working to provide this information soon!

IPO Funding Comparison

Coming Soon

View all funding stages