Procore has acquired Indus.ai, the developer of an AI-powered analytics platform for the construction industry.
Indus.ai’s AI engine learns from project management platforms, cameras, sensors, drawings, building information models and schedules to create observations, recommendations and alerts that help project teams make data-driven decisions.
Indeed, it is claimed that Indus.ai monitors more than 93 million sq m of construction sites with its AI engine, detecting anomalies and progress. It has been trained with millions of images and videos specific to construction, and is able to identify more than 70 metadata labels per image.
Indus.ai’s solutions can be used to track and review construction progress, ensure safety and compliance, gain real-time project visibility, view labour deployment, minimise equipment idle time, and resolve claim disputes.
“We are excited to welcome the Indus.ai team to Procore as we expand our AI capabilities,” said Tooey Courtemanche, Procore founder and CEO. “Our customers depend on the Procore platform as their system of record. With our investments in analytics and AI, we’re becoming their system of intelligence and helping our customers unlock the value of their project data through powerful insights that enable better, data-driven decisions.”
Matt Man, co-founder and CEO of Indus.ai, said: “Since 2017, Indus.ai has been using computer vision and AI to improve the lives of construction professionals, freeing them up to focus on the most important parts of their projects. The Procore platform contains immense amounts of visual data, and we’re looking forward to transforming it into actionable construction knowledge together.”
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