Tag: Construction Tech
Construction Tech

Construction Tech Company Procore Closes $75 Million Funding Round

Procore Technologies, Inc., a leading provider of cloud-based applications for construction, today announced that it has closed $75 million of funding in a round led by Tiger Global Management. This round, which values the company at $3 billion, will be leveraged to support product development, partner platform expansion, and continued investment in hiring and developing […]

Startups

Autodesk to Acquire Construction Tech Startup PlanGrid for $875M

Autodesk on Tuesday announced plans to acquire the construction software firm PlanGrid for $875 million net of cash. The deal is Autodesk’s largest acquisition to date. PlanGrid software lets general contractors, subcontractors and owners in commercial, heavy civil and other industries work together throughout the construction project lifecycle. PlanGrid software offers real-time collaboration, keeping the field […]

Construction Tech

Intsite Raises $1.35 Million for Developing AI-Powered Cranes

On average, 98% of mega construction projects go over budget, according to McKinsey, and in a high-stakes global industry like construction, opportunities to improve efficiency can result in huge savings. Automation is gaining momentum in the industry as a way of optimizing both the design and the construction sectors. An increasing number of AEC companies, […]

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