Announcements Include Industry-Defining
Integrated Resource Management Solution and AI-Powered Scheduling
and Safety Tools to Enhance Project Efficiency and Risk
Mitigation
Procore Technologies, Inc. (NYSE: PCOR), the leading global
provider of construction management software, today kicks off
Groundbreak 2024, the construction industry’s most innovative
conference. Procore is unveiling Resource Management, the
industry’s first all-in-one solution for comprehensive labor,
equipment and materials tracking and planning, along with new
AI-powered Scheduling and Safety tools that enhance efficiency and
streamline safety management.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20241120914569/en/
Groundbreak 2024 Kicks off Today in
Denver (Graphic: Business Wire)
“Construction is one of the most complex industries in the
world, but today, through connected technology, we have the power
to improve every phase of construction, driving more productive,
efficient, and safe projects,” said Founder and CEO of Procore,
Tooey Courtemanche. “Groundbreak 2024 is a testament to Procore’s
commitment to investing in platform capabilities like Copilot and
AI-driven Agents, as well as solutions like Resource Management,
which seamlessly connect labor, equipment, and materials back to
project schedules. Together, through our connected platform, we’re
building a more unified and resilient industry.”
Bringing together industry leaders, innovators, and
professionals, Groundbreak 2024 focuses on connecting construction
through technology and people. More than 4,500 attendees will
attend Groundbreak from over 35 countries to hear from Procore
leaders, industry executives, and keynote speakers Emmitt Smith and
Bear Grylls. Key announcements include:
Enhancing Productivity with Industry-Defining Integrated
Resource Management Solution
Today Procore unveiled Resource Management, a new product
category that enables contractors to manage labor, equipment, and
materials in a unified, intelligent offering across the entire
build lifecycle. Resource Management, generally available now,
unlocks greater control, forecasting, and visibility to help
contractors increase profit margins, reduce delays, and boost
productivity.
To accelerate this capability, Procore has acquired Intelliwave
Technologies, a leading industry provider of intelligent materials
management software. By combining Intelliwave’s materials solution
SiteSense® with Procore’s existing labor and equipment
capabilities, Resource Management delivers robust control over
essential project resources. In addition, Procore AI Agents will
further unlock value with automated risk detection and actions,
delivering unprecedented levels of visibility into resource
performance.
Across Procore’s unified, intelligent platform, Resource
Management embeds with the existing Preconstruction, Project
Execution, and Financials solutions for end-to-end visibility,
accurate forecasting, and automated budget tracking. Powered by
next-generation platform capabilities like Agents, Maps, and
Scheduling, Resource Management allows users to visualize and
manage resources on a map and coordinate the deployment of
resources.
AI-Powered Safety and Scheduling Built for the Field
Procore also unveiled Scheduling, a new solution designed to
provide smart scheduling, and will integrate directly with contract
schedules and field data. Powered by Artificial Intelligence,
Scheduling will proactively flag potential risks, helping ensure
projects remain on time and within budget.
Announced today, Procore’s significantly expanded Safety
solution will centralize safety tasks with new capabilities like
pre-task plans, jobsite hazard analysis, certification tracking,
onsite orientations, and toolbox talks. With deep integrations with
Procore’s project management suite and wearable devices, Safety
will help eliminate administrative overhead, while providing
insights to promote better safety outcomes. With Safety, Procore
helps ensure that everyone in construction returns home safely
every day.
Learn more about Groundbreak
Groundbreak offers over 85 breakout sessions aimed at helping
industry professionals enhance their leadership, teamwork, and
building skills. Procore will honor companies, projects, and
individuals making a positive impact on the construction industry
through the annual Groundbreaker Awards.
To watch the opening day of Groundbreak and gain access to
sessions, register for Groundbreak Live.
About Procore
Procore Technologies, Inc. (NYSE: PCOR) creates software for
people who build the world. With a focus on providing timely and
accurate data for all, Procore transforms the construction industry
one project at a time - from hospitals and skyscrapers to airports
and stadiums. Beyond its connected, innovative technology, Procore
empowers the industry and its communities through Procore.org. For
more information, visit www.procore.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241120914569/en/
Media Contact Raelle Alfaro press@procore.com
Investor Contact Alexandra Geller IR@procore.com
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