Procore Acquires Datagrid to Boost AI Capabilities

Reuters
Jan 20
Procore Acquires Datagrid to Boost AI Capabilities

Procore Technologies has completed its acquisition of Datagrid, a leading vertical AI solution for the construction industry. The combination brings together advanced AI capabilities aimed at enhancing data integration and connectivity across the construction ecosystem. Datagrid’s technology will enable users to eliminate data silos, automate complex workflows such as submittal reviews and RFI drafting, and bridge gaps between fragmented data sources, including third-party ERP and cloud systems. Datagrid’s CEO, Thiago da Costa, will join Procore to lead AI and data strategy. The companies will offer products immediately to both Procore and non-Procore customers, with Datagrid’s offerings supporting advanced use cases and unifying intelligence across platforms. Financial terms of the deal were not disclosed.

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