Procore acquires vertical AI firm

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Dive Transient:

Procore, one of many largest contech suppliers within the building business, has acquired Datagrid, a vertical synthetic intelligence agency that provides a bunch of AI brokers for contractors, in response to a Jan. 20 announcement. The phrases of the deal weren’t disclosed.
The acquisition will speed up Carpinteria, California-based Procore’s AI technique and ship enhanced knowledge connectivity for its clients, per the announcement. Datagrid, headquartered in San Francisco, can even assist Procore connect with third-party knowledge sources, comparable to ERP and cloud storage techniques, to interrupt down knowledge silos.
Whereas core AI capabilities stay embedded in Procore’s platform, the brand new Datagrid providing will profit clients who’ve a number of knowledge sources and advanced-reasoning use instances, in response to the discharge.

Dive Perception:

Datagrid affords a bunch of AI brokers for duties alongside a builder’s path, in response to the corporate’s web site. The brokers can carry out deep search, RFI validation, scope checks, pre-qualification, audits, each day stories and different duties.

“By integrating Datagrid’s AI and deep search capabilities, we are going to allow clients to bridge the gaps between siloed knowledge and provoke actions throughout their complete ecosystem,” Steve Davis, Procore’s president of product and expertise, stated within the information launch. “This connectivity unlocks the true worth of building knowledge, permitting our clients to innovate quicker and deal with constructing the world round us.”

With the deal, Procore and Datagrid will start to supply merchandise obtainable to each Procore and non-Procore clients.

“By becoming a member of Procore, we are able to now unlock unprecedented ranges of productiveness and high quality for the 1000’s of consumers who already construct on its platform,” Thiago da Costa, Datagrid’s founder, stated within the information launch. Da Costa will be a part of Procore to guide AI and knowledge technique, in response to the announcement.

The deal follows a flurry of M&A activity on the finish of 2025 and observers predict that buyer activity won’t slow down in 2026. On the contech facet, these offers included actuality seize agency Openspace’s deal to acquire progress tracking startup Disperse and undertaking administration platform Buildots’ deal to acquire safety and workforce management platform Genda.