Procore Acquires Datagrid to Anchor Global AI Strategy

Last Monday, Procore Technologies (NYSE: PCOR) announced its acquisition of Datagrid, a vertical AI innovator designed to unify fragmented construction data. The move accelerates Procore’s mission to move beyond simple "assistive AI" and toward an agentic system of intelligence that automates the most complex workflows in the built world.

The Challenge: The Construction Data Silo 

Construction is a multi-trillion-dollar industry still plagued by manual processing. Project information is notoriously fragmented, trapped in disconnected ERPs, cloud storage, and field tools. For years, the industry has needed more than just "dashboards"; it has needed AI that can reason across these silos to execute tasks.

When partner Ryan Floyd first backed Thiago da Costa, he saw a founder who understood this "messy data" problem better than anyone. Thiago’s pedigree—including founding and selling Lagoa to Autodesk—made him the perfect founder to lead the shift toward Agentic AI.

How Datagrid Powers the Procore Ecosystem

Datagrid doesn't just surface insights; it initiates actions. By joining Procore, Datagrid’s technology becomes a force multiplier for contractors and owners worldwide.

  • Autonomous Workflow Execution: Datagrid enables the autonomous management of submittal reviews and the drafting of RFIs across multiple third-party platforms.
  • Deep Search & Connectivity: With over 200 integrations, Datagrid acts as a bridge between siloed data sources (like ERP systems) and the Procore platform.
  • Vertical AI Reasoning: The platform uses advanced reasoning to scan thousands of pages of drawings and logs, surfacing critical insights that would take a human workforce weeks to process.

Building the Future of Construction

As Thiago da Costa joins Procore to lead AI and Data Strategy, the industry moves closer to a reality where AI doesn't just talk—it executes. We are honored to have partnered with the Datagrid team and look forward to seeing them redefine productivity for the entire construction ecosystem.

Read the Press Release here.

Artificial Intelligence
B2B
Construction
Mergers And Acquisitions
Portfolio Company