Procore

Procore is a construction technology company whose principal brand is a cloud-based software platform for managing building and infrastructure projects. Founded in 2002 by Craig "Tooey" Courtemanche, the company grew from an application intended to improve the management of a residential construction project into a global software-as-a-service business serving construction owners, general contractors, specialty contractors, and other project participants. The platform is designed to provide a shared digital environment across the construction lifecycle. Its capabilities cover preconstruction activities, project management, scheduling, document and drawing control, requests for information, submittals, quality and safety processes, workforce coordination, project financials, and reporting. Rather than functioning as a single-purpose estimating or scheduling tool, Procore positions itself as a connected operating platform that brings project information and workflows together for organizations with multiple teams, subcontractors, and locations. Courtemanche had worked as a carpenter and real-estate developer before entering technology. While building his home in Santa Barbara, he identified an opportunity to apply software to the fragmented communication and coordination problems common in construction. Procore was initially headquartered in Carpinteria, California. Steve Zahm, who had previously founded the e-learning company DigitalThink, joined the company as president in 2004 and helped support its commercial development. The company expanded through venture financing, product development, acquisitions, and international growth. Notable acquisitions included Honest Buildings, a project-management software company, in 2019; Esticom, an estimating-software provider, in 2020; Avata Intelligence, a construction artificial-intelligence company, in 2020; and INDUS.AI, another construction-AI company, in 2021. These transactions broadened Procore's capabilities in preconstruction, estimating, analytics, and artificial intelligence. Procore filed for an initial public offering in 2019, delayed the planned offering during the COVID-19 pandemic, and began trading on the New York Stock Exchange under the symbol PCOR on May 20, 2021. At the time of its public-market debut, the company reported a customer and user base spanning many countries. It has since maintained an international operating footprint with offices in North America, Europe, and Asia-Pacific. The brand's current proposition combines construction-specific workflow software with integrations, analytics, and automation. Procore's App Marketplace connects the platform with third-party business systems, while its artificial-intelligence initiatives include Procore Copilot and Procore Agents. Copilot is intended to help users retrieve and summarize information from project records, while Agents are designed to automate or streamline recurring processes such as requests for information, scheduling, and submittals. These tools extend Procore's strategy from digital recordkeeping toward workflow assistance and process automation. Procore also operates Procore.org, a philanthropic initiative that has supported construction-related education and nonprofit work. Its reported activities include providing Habitat for Humanity with access to Procore software and supporting schools and women pursuing technology careers connected with construction. The brand therefore spans enterprise software, construction data infrastructure, industry integrations, artificial intelligence, and social-impact programs.

Procore was founded in 2002 by Craig "Tooey" Courtemanche, whose experience as a carpenter and real-estate developer exposed him to the coordination difficulties of construction work. After working in technology, Courtemanche developed an application while building his home in Santa Barbara. The application was intended to organize construction information and improve communication among the people involved in a project. The company began in Carpinteria, California, where it remains headquartered. Steve Zahm joined Procore as president in 2004 after founding DigitalThink, an e-learning company. His arrival marked an early step in building the company's commercial and organizational infrastructure. Procore subsequently developed from a project-specific application into a broader software-as-a-service platform for construction owners, general contractors, and specialty contractors. The company's expansion was supported by successive private financing rounds. Bessemer Venture Partners led a financing round in 2014, followed by further investment involving Bessemer and Iconiq Capital in 2015. Iconiq led another round in 2016, and Procore raised additional capital in 2018 and 2020. These investments supported product expansion, acquisitions, and international development. Procore broadened its product scope through acquisitions. In July 2019 it acquired Honest Buildings, a U.S. project-management software group. In 2020 it acquired Esticom, an estimating-software provider, and Avata Intelligence, a construction artificial-intelligence company. In 2021 it acquired INDUS.AI. Together, these acquisitions strengthened Procore's presence in preconstruction, estimating, data analysis, and AI-enabled construction workflows. The company submitted plans for a public offering in 2019 and initially expected to launch in 2020. The offering was delayed during the COVID-19 pandemic. Procore eventually completed its initial public offering in 2021, with shares beginning to trade on May 20 under the ticker PCOR. The listing represented a major transition from venture-backed software company to publicly traded construction-technology provider. Procore's software is organized around the project lifecycle. Its tools support preconstruction, project management, workforce management, financial management, quality, safety, scheduling, documents, and analytics. The platform also provides an App Marketplace through which customers can connect Procore with other business applications. This integration strategy is important because construction companies commonly use a collection of specialized systems across accounting, design, procurement, labor, and field operations. In the 2020s, Procore increased its emphasis on artificial intelligence. Procore Copilot is designed to help users find and summarize information in project documents and records. Procore Agents are intended to assist with recurring construction processes, including requests for information, submittals, scheduling, and related administrative work. The direction reflects a broader shift in construction software from digitizing records toward automating routine coordination and data-entry tasks. Procore has also developed an international presence, with offices reported in North America, Asia, and Europe and customers in numerous countries. Through Procore.org, it has donated software and supported nonprofit and educational initiatives, including work associated with Habitat for Humanity and programs encouraging women to pursue technology careers connected with construction. The brand's present identity combines enterprise construction software, ecosystem integrations, artificial intelligence, global expansion, and industry-oriented philanthropy.

• 2024

  Napa PGA Tour sponsorship

  [1]Procoreen.wikipedia.org

  Procore sponsored a PGA Tour event in Napa, California.

• 2021

  INDUS.AI acquisition

  [1]Procoreen.wikipedia.org

  The acquisition of INDUS.AI extended Procore's investment in artificial intelligence for construction.

• 2021

  Public-market debut

  [1]Procoreen.wikipedia.org

  Procore began trading on the New York Stock Exchange under the symbol PCOR on May 20, 2021.

• 2020

  Esticom and Avata Intelligence acquisitions

  [1]Procoreen.wikipedia.org

  Procore acquired Esticom and Avata Intelligence, expanding its estimating and construction-AI capabilities.

• 2019

  Procore files for an IPO

  [1]Procoreen.wikipedia.org

  Procore began the process of pursuing a public listing, although the planned 2020 offering was later delayed.

• 2019

  Honest Buildings acquisition

  [1]Procoreen.wikipedia.org

  Procore acquired Honest Buildings, adding construction project-management capabilities.

• 2014

  Bessemer leads an investment round

  [1]Procoreen.wikipedia.org

  Bessemer Venture Partners led a private financing round that supported Procore's continued growth.

• 2004

  Steve Zahm joins as president

  [1]Procoreen.wikipedia.org

  Steve Zahm joined Procore as president, bringing experience from the e-learning software sector.

• 2002

  Procore is founded

  [1]Procoreen.wikipedia.org

  Craig "Tooey" Courtemanche founded Procore in California to apply software and technology methods to construction management.

A connected, end-to-end construction management platform intended to unify project data, workflows, financial controls, and collaboration among owners, general contractors, specialty contractors, and other construction stakeholders.

• Construction management platform

  Procore Platform

  The core cloud platform connects owners, general contractors, specialty contractors, and project teams around shared construction information. It supports documents, workflows, coordination, reporting, and integrations across multiple phases of a project rather than focusing on a single construction task.

• Project management software

  Procore Project Management

  Project-management tools help construction teams coordinate schedules, drawings, documents, requests for information, submittals, and other project records. The offering is intended to give project participants a common operating view and reduce fragmented communication between office and field teams.

• Construction financial management

  Procore Construction Financials

  Construction Financials supports financial workflows associated with projects, contracts, commitments, costs, and payments. It is positioned as part of Procore's effort to connect project execution with financial oversight rather than treating accounting and field management as entirely separate systems.

• Quality and safety software

  Procore Quality & Safety

  Quality and safety capabilities help teams record observations, manage inspections, track issues, and coordinate safety-related processes. These tools are designed to create consistent records across field operations and make quality or safety information available to wider project teams.

• Generative artificial intelligence

  Procore Copilot

  Procore Copilot is a generative-AI feature intended to help users retrieve information from project records and summarize construction documents. Its purpose is to reduce the time required to search large collections of project information while keeping the work connected to the Procore environment.

• AI workflow automation

  Procore Agents

  Procore Agents are designed to streamline recurring construction workflows such as requests for information, scheduling, and submittals. They represent Procore's move toward task assistance and automation intended to reduce repetitive manual entry and administrative coordination.

• 2024PGA Tour event sponsorship in Napa

  United States

  Procore sponsored a PGA Tour event in Napa, California, using a prominent sports property to increase general brand visibility beyond its core construction-software audience.

  Source

• 2021

  Acquire INDUS.AIM&A

  Background

  Procore continued investing in artificial intelligence for construction workflows and project data.

  Action taken

  Procore acquired construction-AI company INDUS.AI.

  Aftermath

  The deal reinforced Procore's strategy of incorporating AI into its construction management platform.

  Source

• 2021

  Complete the initial public offeringOther

  Background

  Procore delayed its planned 2020 public offering during the COVID-19 pandemic and later returned to the public market.

  Action taken

  The company listed on the New York Stock Exchange under PCOR on May 20, 2021.

  Aftermath

  The listing made Procore a publicly traded construction-software company and provided a public-market framework for its continued expansion.

  IPO proceeds. 634.5 million USD raised (May 2021 initial public offering)

  Source

• 2020

  Acquire Esticom and Avata IntelligenceM&A

  Background

  Procore pursued adjacent capabilities in construction estimating and artificial intelligence.

  Action taken

  The company acquired Esticom and Avata Intelligence during 2020.

  Aftermath

  The acquisitions expanded Procore's preconstruction and AI-related product capabilities.

  Source

• 2019

  Acquire Honest BuildingsM&A

  Background

  Procore sought to broaden its construction project-management capabilities through the purchase of Honest Buildings.

  Action taken

  Procore acquired the U.S. project-management software company in July 2019.

  Aftermath

  The transaction became part of Procore's broader expansion from project coordination into a wider construction technology platform.

  Source

• Unconfirmed

  Procore appoints Erin Chapple to its board[3]Procore任命Erin Chapple加入董事会itbusinessnet.com

  Procore announced the appointment of Erin Chapple to its Board of Directors.

• Unconfirmed

  Procore prices IPO and begins NYSE trading[4]Procore prices IPO and begins NYSE tradingsocaltech.com

  Procore priced its IPO at $67 per share and began trading on the New York Stock Exchange under the symbol PCOR.

• 2021.05.20

  Reported2021.05.21

  Procore completes IPO[5]Procore完成首次公开募股therealdeal.com

  Procore raised $634.5 million in its initial public offering and debuted on the New York Stock Exchange on Thursday.

  Weekdays and relative dates follow the original report; their exact calendar dates have not been verified.

• Unconfirmed

  Reported2021.05.09

  Procore acquires Indus.ai[6]Procore 收购 Indus.aiitwire.com

  Procore Technologies acquired Indus.ai, whose construction analytics platform uses artificial intelligence. Procore said the acquisition adds computer vision capabilities to its platform.

• 2021.01.11

  Reported2021.01.11

  Procore receives two TrustRadius customer support awards[7]Procore获TrustRadius两项客户支持奖prnewswire.com

  Procore received awards in the Support and Usability categories of TrustRadius’ 2021 Best of Customer Support Awards.

• 2020.06.18

  Reported2020.06.18

  Procore launches seven platform features[8]Procore推出七项平台功能prnewswire.com

  Procore launched seven new platform features at its Next Steps Summit, including Action Plans, Correspondence, Procore Connect, Procore Search, Real-Time Labor Costing and a web-based 3D Model Viewer.

• 2020.03.27

  Reported2020.03.27

  Procore integrates Zoom video conferencing[9]Procore 集成 Zoom 视频会议techcentral.ie

  Procore integrated Zoom technology into its platform, enabling users to create video conference calls for construction project teams working remotely.

• 2020.01.06

  Reported2020.01.06

  Innovative Construction Technology launches Procore integration[10]Innovative Construction Technology推出Procore集成prweb.com

  Innovative Construction Technology announced that it had launched an integration connecting ICT Tracker with Procore Field Productivity; the integration was available on the Procore App Marketplace.

• 2019.10.22

  Reported2019.10.22

  Hilti and Procore announce software collaboration[11]Hilti与Procore宣布软件合作prnewswire.com

  Hilti announced a collaboration with Procore under which Hilti ON!Track would become compatible with the Procore platform. The companies said the API would enable data exchange, starting with basic project information and expanding over time.

• 2019.10.08

  Reported2019.10.08

  Procore launches Embedded Experience[12]Procore推出Embedded Experienceprnewswire.com

  Procore launched Embedded Experience, allowing users, partners, and third-party developers to bring apps inside the Procore platform.

Read more(13)

1. 1Procoreen.wikipedia.org
2. 2Procore official websiteprocore.com
3. 3Procore任命Erin Chapple加入董事会itbusinessnet.com
4. 4Procore prices IPO and begins NYSE tradingsocaltech.com
5. 5Procore完成首次公开募股therealdeal.com
6. 6Procore 收购 Indus.aiitwire.com
7. 7Procore获TrustRadius两项客户支持奖prnewswire.com
8. 8Procore推出七项平台功能prnewswire.com
9. 9Procore 集成 Zoom 视频会议techcentral.ie
10. 10Innovative Construction Technology推出Procore集成prweb.com
11. 11Hilti与Procore宣布软件合作prnewswire.com
12. 12Procore推出Embedded Experienceprnewswire.com
13. 13Manufacton与Procore宣布合作prweb.com
14. 14EarthCam 扩大与 Procore 的整合prweb.com