Stocks & Financial News
Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity Charts
Procore Acquires Datagrid to Accelerate AI Strategy and Improve Data Integration
Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today announced it has acquired Datagrid, uniting two of the most powerful AI solutions in the built world. This acquisition will accelerate Procore’s AI strategy and deliver enhanced data connectivity for customers. As a leading vertical AI solution in the industry, Datagrid immediately extends Procore's reach across the full construction ecosystem. Through this acquisition, Procore will help customers eliminate data silos and automate complex workflows including autonomously managing submittal reviews and drafting RFIs across platforms with greater speed and efficiency.
As a leader in construction technology, Procore is well positioned to guide the industry through the rapidly evolving AI transformation. The acquisition of Datagrid advances the long-term AI strategy Procore introduced at Groundbreak, its flagship annual event. By providing connectivity to third-party data sources, such as ERP and cloud storage systems, this technology will enable Procore to turn fragmented data into a powerful system of intelligence.
"The combination of Datagrid and Procore is transformative. Together, we’re providing one of the broadest AI portfolios in construction,” said Steve Davis, President of Product & Technology at Procore. “By integrating Datagrid’s AI and deep search capabilities, we will enable customers to bridge the gaps between siloed data and initiate actions across their entire ecosystem. This connectivity unlocks the true value of construction data, allowing our customers to innovate faster and focus on building the world around us."
Procore and Datagrid will offer products immediately available to both Procore and non-Procore customers. While core AI capabilities remain embedded in the Procore platform, the Datagrid offering will support customers with multiple data sources and advanced-reasoning use cases by unifying intelligence, automating intricate tasks, and surfacing critical insights across the complete technology stack.
“Modern work has outgrown human capacity for manual processing,” said Thiago da Costa, CEO of Datagrid, who will join Procore to lead AI and data strategy. “Our focus has always been on building an AI that can execute, not just talk. By joining Procore, we can now unlock unprecedented levels of productivity and quality for the thousands of customers who already build on its platform.”
This announcement, along with Procore’s other recent acquisitions, complements the company’s organic R&D investments to drive innovation and further its mission to improve the lives of everyone in construction.
Procore completed the acquisition of Datagrid in January 2026. Financial terms of the deal have not been disclosed.
http://www.datamonitor.com
Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon
COMTEX_472246859/2227/2026-01-22T18:46:17