This audio is automatically generated. Please let us know if you have any comments.
Dive brief:
- Procore, one of the largest contech suppliers to the construction industry, has it Acquired datagridan artificial intelligence vertical that offers a slew of AI agents for contractors, according to a Jan. 20 announcement. Terms of the deal were not disclosed.
- The acquisition will accelerate Carpinteria, Calif.-based Procore’s AI strategy and provide enhanced data connectivity for its customers, according to the announcement. San Francisco-based Datagrid will also help Procore connect to third-party data sources, such as ERP and cloud storage systems, to break down data silos.
- While core AI capabilities remain built into Procore’s platform, Datagrid’s new offering will benefit customers with multiple data sources and advanced reasoning use cases, according to the release.
Diving knowledge:
Datagrid offers a host of AI agents for tasks along a builder’s path, according to the company’s website. Agents can perform deep searches, RFI validation, scope checks, prequalification, audits, daily reports, and other tasks.
“By integrating Datagrid’s artificial intelligence and deep search capabilities, we will enable customers to bridge the gaps between isolated data and initiate action across their entire ecosystem,” said Steve Davis, president of product and technology at Procore, in the press release. “This connectivity unlocks the true value of construction data, allowing our customers to innovate faster and focus on building the world around us.”
With the agreement, Procore and Datagrid will begin offering products available to both Procore and non-Procore customers.
“By joining Procore, we can now unlock unprecedented levels of productivity and quality for the thousands of customers already building on their platform,” Thiago da Costa, founder of Datagrid, said in the press release. Da Costa will join Procore to lead the AI and data strategy, according to the announcement.
The agreement follows a flurry of merger and acquisition activity by the end of 2025 and observers predict that buyer activity will not slow in 2026. On the tech side, those deals included the deal for reality capture company Openspace Get Disperse startup progress tracking and Buildots’ project management platform agreement to acquire the security and workforce management platform Genda.
