Procore acquires vertical AI firm

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Dive Transient:

Procore, one of many largest contech suppliers within the development business, has acquired Datagrid, a vertical synthetic intelligence agency that gives a number of AI brokers for contractors, based on 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 information connectivity for its prospects, per the announcement. Datagrid, headquartered in San Francisco, may also assist Procore hook up with third-party information sources, equivalent to ERP and cloud storage programs, to interrupt down information silos.
Whereas core AI capabilities stay embedded in Procore’s platform, the brand new Datagrid providing will profit prospects who’ve a number of information sources and advanced-reasoning use instances, based on the discharge.

Dive Perception:

Datagrid gives a number of AI brokers for duties alongside a builder’s path, based on the corporate’s web site. The brokers can carry out deep search, RFI validation, scope checks, pre-qualification, audits, each day experiences and different duties.

“By integrating Datagrid’s AI and deep search capabilities, we’ll allow prospects to bridge the gaps between siloed information and provoke actions throughout their whole ecosystem,” Steve Davis, Procore’s president of product and know-how, stated within the information launch. “This connectivity unlocks the true worth of development information, permitting our prospects to innovate sooner and deal with constructing the world round us.”

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

“By becoming a member of Procore, we are able to now unlock unprecedented ranges of productiveness and high quality for the hundreds of shoppers 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 information technique, based on 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 aspect, these offers included actuality seize agency Openspace’s deal to acquire progress tracking startup Disperse and venture administration platform Buildots’ deal to acquire safety and workforce management platform Genda.