Announcements Include Industry-Defining Integrated Resource Management Solution and AI-Powered Scheduling and Safety Tools to Enhance Project Efficiency and Risk Mitigation

DENVER — (BUSINESS WIRE) — November 20, 2024 — 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.

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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.

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Media Contact
Raelle Alfaro
press@procore.com

Investor Contact
Alexandra Geller
IR@procore.com