Company Announcements

DENVER--(BUSINESS WIRE)--Nov. 20, 2024-- Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today at Groundbreak 2024 announced the launch of its Procore AI solutions. This includes its new AI-powered Agents, artificial intelligence platform capabilities designed to enhance project efficiency, improve decision-making, and enable smarter, faster, and more seamless workflows.

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Procore launches Procore AI (Graphic: Business Wire)

Procore AI, built on Procore’s unified, intelligent platform, is powered by Procore Agents, Insights, and Copilot. With Procore AI, customers can transform how teams collaborate, forecast, and execute projects. This will pave the way for a future where predictive insights and automated actions enhance efficiency and drive success in every project.

“Procore AI delivers the most comprehensive set of AI capabilities in construction today, unlocking new ways for construction to build together,” said Steve Davis, president of product and technology, Procore. “These AI-driven tools are designed to improve efficiency and empower construction teams with the insights they need to make informed decisions. By automating routine tasks and streamlining workflows, we are paving the way for a smarter and more connected future.”

Procore Agents and Agent Studio Delivers Automated, Proactive Workflows

Available next year, Agents leverage AI to automate routine tasks, reduce manual workloads, and provide insights that allow construction professionals to focus on higher-value work. Across Procore’s platform, Agents will streamline complex processes like managing RFIs, scheduling, and submittals, which helps automate routine tasks and reduces administrative overhead. These new capabilities will support users and workflows across the full project lifecycle.

Agent Studio, coming in 2025, will allow users to customize Agents to meet their unique project requirements without any coding. This tool empowers contractors and owners to tailor AI-driven answers and automations for their business, unlocking a new era of efficiency where manual processes are replaced by trusted, customizable AI agents.

Procore Insights Helps Mitigate Project Risk to Improve Project Outcomes

Announced today, Insights is an AI-driven solution that helps users better understand project risk across their most-used workflows, including submittals, RFIs, and daily logs. Powered by Procore’s comprehensive construction dataset, Insights enables users to benchmark performance, predict potential challenges, and receive recommended actions to mitigate risks, which ultimately enables more informed decisions to help improve project outcomes. Insights will be generally available in early 2025.

Procore Announces Procore Copilot is Available Globally

Procore Copilot enables users to quickly retrieve information with instant access to key documents, summarize complex documents, and provide data-driven insights — saving time and improving productivity on jobsites.

"Procore Copilot has saved our team time and cut down time searching for information buried in project documents,” said Mike Trenski, director of construction at AMLI. “As development continues, I believe Copilot will be a huge value-add for our teams."

For more information about Procore’s latest product innovations, visit here.

About Procore

Procore Technologies, Inc. (NYSE: PCOR) creates software for people who build the world. With a focus on providing timely and accurate data for all, Procore transforms the construction industry one project at a time — from hospitals and skyscrapers to airports and stadiums. Beyond its connected, innovative technology, Procore empowers the industry and its communities through Procore.org. For more information, visit www.procore.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241120915400/en/

Media Contact
Raelle Alfaro
press@procore.com

Investor Contact
Alexandra Geller
IR@procore.com

Source: Procore Technologies, Inc.