Procore

Procore Technologies is a construction project management software providing cloud-based construction management software.

Procore's software allows large teams of construction companies, property owners, project managers, contractors, and partners to collaborate on large-scale construction projects and share access to documents, planning systems and data.

Procore was founded in 2003 by Craig "Tooey" Courtemanche. The company is headquartered in Carpinteria, California, with offices US, UK and Australia.

Procore’s project management software includes features such as meeting minutes, drawing markups and document storage for all project-related materials. It is designed to support input from a number of sources including forwarded emails and PDFs. The system can be accessed from all internet-connected mobile devices. Unlike other software offerings in the space, customers are charged per project instead of per user.

Procore's offerings also include an App Marketplace for partner integrations and custom third-party applications. Partners include enterprise file storage and content management company Box, Botlink, a joint venture by Packet Digital) that allows users to stream in both video and data from drones surveying their construction projects., and Dexter + Chaney, an ERP provider.

Procore's project management tools allow it's users to manage all types of construction projects including industrial plants, office buildings, apartment complexes, university facilities, retail centers, and more.

Procore is backed by investors including Bessemer Venture Partners, Tiger Global Management, D1 Capital Partners, Dragoneer Investment Group, ICONIQ Capital and others. The company raised $150M in a new round of funding on May 01, 2020. The round gives the company a $5B valuation, up from its previous $3B valuation in Dec 2018. Procore has also acquired BIManywhere on Sep 25, 2018.

 

Procore has received numerous recognisition such as- "Software Advice ranked Procore the #1 most popular construction software" based on number of users, search traffic, and social media presence. Procore's office was included in a list of the 11 best office spaces in the U.S.

 

 

  • Year founded: 2003
  • Funding Info: $648.9M over 9 Rounds (Latest Funding Type: Venture- Series Unknown)
  • Yearly Revenue: $289.2M (2019)
  • Employee Size: 1,001-5,000
  • Business Valuation: Valued at $5B as of May 01, 2020
  • City/Town: Carpinteria
  • State: California
  • Country: United States
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