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Procore Technologies is a construction project management software company founded in 2003, with headquarters in Carpinteria, CA. Their software allows large teams of construction companies, property owners, project managers, contractors, and partners to collaborate on large-scale construction projects and share access to documents, planning systems and data. Data and video can also be streamed in to the system via drones. As of the end of 2015, the company had 1600 clients, and projects to make more than $75 million in revenue from paid users in 2016. Clients include large-scale builder Mortenson Construction., the second-largest sports builder in the US
|Craig "Tooey" Courtemanche (CEO)|
Steve Zahm (President)
Procore's investors include Venture Capital firm Bessemer Venture Partners, the longest-standing venture capital practice in the United States. Yuliya Chernova reported in the Wall Street Journal that they valued the company at "$500 Million post-money."
Procore’s project management software includes features such as meeting minutes, drawing markups and document storage for all project-related materials. It is designed to support input from a number of sources including forwarded emails and PDFs. The system can be accessed from all internet-connected mobile devices. Unlike other software offerings in the space, customers are charged based on annual turnover.
Procore's offerings also include an App Marketplace for partner integrations and custom third-party applications. Partners include enterprise file storage and content management company Box, Botlink, a joint venture by Packet Digital that allows users to stream in both video and data from drones surveying their construction projects, and Dexter + Chaney, an ERP provider.
In May 2016 Procore released a video demonstrating a working prototype of their software running on Microsoft's Augmented Reality headset, HoloLens. The video depicts a project manager wearing a HoloLens headset on a jobsite, viewing waypoints floating at that location. The project manager interacts with the waypoints and leaves notes for a field superintendent right at the physical location in the environment to which they refer.
Founder and CEO Craig "Tooey" Courtemanche created the software that became Procore as a response to his struggles to manage the construction of his new home in Santa Barbara, from his then-current home in Silicon Valley.
The company had 6 employees at the time of its founding in 2003, originally headquartered in Montecito, CA. The campus is currently situated on a 9-acre oceanfront property. Procore expanded their offices in 2015 to encompass 61,079 square feet. According to architecture firm Kingdom Industry who designed the new space, the office was intentionally designed to feel spatially chaotic and elicit alertness and adaptability in employees.
In each year since 2010, Procore’s revenue has grown by at least 100 percent, coming in at $4.8 million in 2012. Procore has not publicly disclosed revenue figures since.
In December 2018 the company raised $75M from Tiger Global Management, so for December 18 it total value reached $3 billion.
Software review company Software Advice ranked Procore the #1 most popular construction software, based on number of users, search traffic, and social media presence. Procore's office was included in a list of the 11 best office spaces in the U.S.
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