Procore Technologies

Procore Technologies

Construction management software for project efficiency

About Procore Technologies

Simplify's Rating
Why Procore Technologies is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Industrial & Manufacturing

Enterprise Software

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Carpinteria, California

Founded

2003

Overview

Procore Technologies provides construction management software that helps improve the efficiency of construction projects. Its platform includes tools for various 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 communicate better and manage projects more effectively, ensuring they are completed on time and within budget. Procore stands out from competitors by offering a comprehensive suite of tools and personalized support services, including training and resources tailored to different client needs. The company's goal is to enhance project efficiency and effectiveness for construction professionals around the world.

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Simplify's Take

What believers are saying

  • Procore's integration with financial software streamlines project financial management, attracting more clients.
  • Collaboration with Turner Construction for Women in Construction Week boosts brand reputation.
  • Strong investor confidence, as seen with investments from Proficio Capital Partners and Brighton Jones LLC.

What critics are saying

  • Rapid AI advancements in corporate learning could outpace Procore's current training offerings.
  • Integration with financial software may increase competition from similar construction management platforms.
  • High win rate against competitors may attract increased scrutiny and competitive pressure.

What makes Procore Technologies unique

  • Procore offers a comprehensive suite covering all construction stages, from preconstruction to closeout.
  • The platform integrates with popular financial software like Xero and QuickBooks Online.
  • Procore emphasizes diversity and inclusion, enhancing its brand reputation in the industry.

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Funding

Total Funding

$1251.7M

Above

Industry Average

Funded Over

12 Rounds

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

Benefits

Hybrid Work Options

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

0%
VentureBeat
Apr 2nd, 2025
Uplimit Raises Stakes In Corporate Learning With Suite Of Ai Agents That Can Train 1,000 Employees Simultaneously

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. Uplimit unveiled a suite of AI-powered learning agents today designed to help companies rapidly upskill employees while dramatically reducing administrative burdens traditionally associated with corporate training.The San Francisco-based company announced three sets of purpose-built AI agents that promise to change how enterprises approach learning and development: skill-building agents, program management agents, and teaching assistant agents. The technology aims to address the growing skills gap as AI advances faster than most workforces can adapt.“There is an unprecedented need for continuous learning—at a scale and speed traditional systems were never built to handle,” said Julia Stiglitz, CEO and co-founder of Uplimit, in an interview with VentureBeat. “The companies best positioned to thrive aren’t choosing between AI and their people—they’re investing in both.”How Uplimit’s AI agents transform traditional corporate training modelsStiglitz, whose background includes teaching with Teach for America, running Google Apps for Education, and being an early employee at Coursera, founded Uplimit during the pandemic. She saw a disconnect between engaging classroom experiences and the often static nature of first-generation online learning platforms.“I started to think, well, maybe there’s a way that we can sort of get both, like both the scale that you would get from a Coursera, that type of experience, but with the engagement that you would get from having a one-on-one tutor,” Stiglitz explained.The company’s new AI agents tackle what Uplimit identifies as critical pain points in corporate learning

eCloud Experts
Mar 27th, 2025
Streamlining Construction Finances: How Procore Integrates with Xero and QuickBooks Online

Streamlining construction finances: how Procore integrates with Xero and QuickBooks Online.

Investing.com
Mar 13th, 2025
Procore Technologies' SWOT analysis: stock navigates growth transition

Analysts view Procore as a leader in vertical software for the construction industry, with a high win rate against competitors.

Defense World
Mar 9th, 2025
Proficio Capital Partners LLC Invests $831,000 in Procore Technologies, Inc. (NYSE:PCOR)

Proficio Capital Partners LLC invests $831,000 in Procore Technologies, Inc. (NYSE:PCOR).

Procore Technologies
Mar 4th, 2025
Celebrating Women in Construction Week 2025

Procore is teaming up with Turner Construction to host an event at the Procore Tower in Austin, Texas on March 5.

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