Procore Technologies has acquired INDUS.AI, makers of an artificial intelligence-powered analytics platform for the construction industry
The acquisition adds computer vision capabilities and AI capabilities to the Procore platform, helping owners, general contractors, and speciality contractors realise greater efficiencies, safety, and profitability.
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 labour deployment, minimise equipment idle time, and resolve claim disputes.
‘Helping customers unlock the value of their project data’
“We are excited to welcome the INDUS.AI team to Procore as we expand our AI capabilities,” said Tooey Courtemanche, Procore founder and CEO.
“Our customers depend on the Procore platform as their system of record. With our investments in analytics and AI, we’re becoming their system of intelligence and helping our customers unlock the value of their project data through powerful insights that enable better, data-driven decisions.”
Matt Man, cofounder and CEO of INDUS.AI, commented: “Since 2017, INDUS.AI has been using computer vision and AI to improve the lives of construction professionals, freeing them up to focus on the most important parts of their projects.
“The Procore platform contains immense amounts of visual data, and we’re looking forward to transforming it into actionable construction knowledge together.”
“I can’t think of a better way to acknowledge North America’s Construction Safety Week than for INDUS.AI to join forces with Procore.
“We’ve been a Procore App Marketplace partner since 2018, and we first partnered on a safety integration.
“Together, we’ll keep making construction safer, more efficient, and more profitable,” added Navin Kaminoulu, cofounder and COO of INDUS.AI.
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.
Procore plans to integrate INDUS.AI’s capabilities into the Procore platform. In the interim, INDUS AI’s solutions will not be commercially available to new customers.