WIRE)--Procore Technologies, Inc., a leading provider of construction management software, today announced it has acquired INDUS.AI, makers of an artificial intelligence-powered analytics platform for the construction industry. This acquisition adds computer vision capabilities to the Procore platform, helping owners, general contractors, and specialty contractors realize greater efficiencies, safety, and profitability. Terms of the transaction are not being disclosed. The construction industry is undergoing a digital transformation. While this transformation is producing mountains of previously inaccessible data, up to 96% of construction data goes unused.

Procore Technologies, Inc., a leading provider of construction management software, today announced it has acquired INDUS.AI, makers of an artificial intelligence-powered analytics platform for the construction industry. This acquisition adds computer vision capabilities to the Procore platform, helping owners, general contractors, and specialty contractors realize greater efficiencies, safety, and profitability. Terms of the transaction are not being disclosed. This press release features multimedia. This acquisition adds computer vision capabilities to the Procore platform, helping owners, general contractors, and specialty contractors realize greater efficiencies, safety, and profitability.

Procore CEO and founder, Tooey Courtemanche, said, "With our AI-powered insights and industry benchmark data, Procore users can make better, real-time decisions, improve their construction processes, and mitigate risk. The ways Procore is applying automation and machine learning is making Procore users fundamentally better at their jobs." Key initiatives and product updates are below. Acquisition of Avata IntelligenceProcore is committed to investing in next-generation analytics products and approaches that will create new ways of interacting with data. As part of this commitment, Procore acquired Avata Intelligence, an AI firm, and brought world-class AI talent into Procore earlier this year.This acquisition has expanded Procore's AI functionality and improved processes throughout the construction lifecycle.

The term "artificial intelligence" means a lot of different things to people. Understandable, since it's so difficult to confine its definition to a single example as AI can take many different forms. Even in construction, artificial intelligence applications range from a formless networked virtual computer-dwelling brain that crunches mountains of data, to an array of data-collecting sensors, to real-live physical robots autonomously laying bricks. It's still early to predict how AI will affect the industry long term. However, its impact on the industry is already undeniable.