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Procore Drives Connected Construction Innovation at Groundbreak 2024

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Procore Technologies (NYSE: PCOR) launches major innovations at Groundbreak 2024 conference in Denver. The company unveils Resource Management, an integrated solution for labor, equipment, and materials tracking, enhanced by the acquisition of Intelliwave Technologies. The platform introduces AI-powered Scheduling and Safety tools to improve project efficiency and risk mitigation. The conference attracts over 4,500 attendees from 35+ countries.

The new Resource Management solution combines Intelliwave's SiteSense® with Procore's existing capabilities, offering comprehensive resource control and forecasting. The enhanced Safety solution includes features like pre-task plans, hazard analysis, and certification tracking, while the new Scheduling tool uses AI to identify potential risks and maintain project timelines.

Procore Technologies (NYSE: PCOR) lancia importanti innovazioni alla conferenza Groundbreak 2024 a Denver. L'azienda presenta Resource Management, una soluzione integrata per il monitoraggio di manodopera, attrezzature e materiali, potenziata dall'acquisizione di Intelliwave Technologies. La piattaforma introduce Strumenti di Pianificazione e Sicurezza basati sull'IA per migliorare l'efficienza dei progetti e la mitigazione dei rischi. La conferenza attrae oltre 4.500 partecipanti da più di 35 paesi.

La nuova soluzione di Resource Management combina SiteSense® di Intelliwave con le capacità esistenti di Procore, offrendo un controllo e una previsione completi delle risorse. La soluzione di Sicurezza migliorata include funzionalità come piani preliminari per le attività, analisi dei pericoli e monitoraggio delle certificazioni, mentre il nuovo strumento di Pianificazione utilizza l'IA per identificare potenziali rischi e mantenere i tempi di progetto.

Procore Technologies (NYSE: PCOR) lanza importantes innovaciones en la conferencia Groundbreak 2024 en Denver. La empresa presenta Gestión de Recursos, una solución integrada para el seguimiento de mano de obra, equipos y materiales, mejorada por la adquisición de Intelliwave Technologies. La plataforma introduce Herramientas de Programación y Seguridad impulsadas por IA para mejorar la eficiencia de los proyectos y la mitigación de riesgos. La conferencia atrae a más de 4,500 asistentes de más de 35 países.

La nueva solución de Gestión de Recursos combina SiteSense® de Intelliwave con las capacidades existentes de Procore, ofreciendo un control y pronóstico integral de los recursos. La solución de Seguridad mejorada incluye características como planes previos a la tarea, análisis de peligros y seguimiento de certificaciones, mientras que la nueva herramienta de Programación utiliza IA para identificar riesgos potenciales y mantener los plazos del proyecto.

Procore Technologies (NYSE: PCOR)는 덴버에서 열리는 Groundbreak 2024 컨퍼런스에서 주요 혁신을 발표했습니다. 이 회사는 자원 관리를 공개하며, 노동력, 장비 및 자재 추적을 위한 통합 솔루션을 제공하고, Intelliwave Technologies의 인수로 강화되었습니다. 이 플랫폼은 프로젝트 효율성과 위험 완화를 개선하기 위해 AI 기반 일정 관리 및 안전 도구를 도입했습니다. 이 컨퍼런스는 35개국 이상에서 온 4,500명 이상의 참석자를 끌어모았습니다.

새로운 자원 관리 솔루션은 Intelliwave의 SiteSense®와 Procore의 기존 기능을 결합하여 포괄적인 자원 제어 및 예측을 제공합니다. 향상된 안전 솔루션은 작업 전 계획, 위험 분석 및 인증 추적과 같은 기능을 포함하고 있으며, 새로운 일정 관리 도구는 AI를 사용하여 잠재적인 위험을 식별하고 프로젝트 일정을 유지합니다.

Procore Technologies (NYSE: PCOR) lance d'importantes innovations lors de la conférence Groundbreak 2024 à Denver. L'entreprise présente Gestion des Ressources, une solution intégrée pour le suivi des travailleurs, du matériel et des matériaux, renforcée par l'acquisition d'Intelliwave Technologies. La plateforme introduit Outils de Planification et de Sécurité alimentés par l'IA pour améliorer l'efficacité des projets et la gestion des risques. La conférence attire plus de 4 500 participants provenant de plus de 35 pays.

La nouvelle solution de Gestion des Ressources combine SiteSense® d'Intelliwave avec les capacités existantes de Procore, offrant un contrôle et une prévision complets des ressources. La solution de Sécurité améliorée comprend des fonctionnalités telles que des plans de pré-tâche, des analyses de dangers et le suivi des certifications, tandis que le nouvel outil de Planification utilise l'IA pour identifier les risques potentiels et maintenir les délais des projets.

Procore Technologies (NYSE: PCOR) präsentiert bedeutende Innovationen auf der Groundbreak 2024-Konferenz in Denver. Das Unternehmen stellt Ressourcenmanagement vor, eine integrierte Lösung zur Verfolgung von Arbeitskräften, Ausrüstung und Materialien, die durch die Übernahme von Intelliwave Technologies verbessert wurde. Die Plattform führt KI-gestützte Planungs- und Sicherheitswerkzeuge ein, um die Projekteffizienz und das Risikomanagement zu verbessern. Die Konferenz zieht über 4.500 Teilnehmer aus mehr als 35 Ländern an.

Die neue Ressourcenmanagementlösung kombiniert Intelliwaves SiteSense® mit den bestehenden Möglichkeiten von Procore und bietet umfassende Kontrolle und Prognose der Ressourcen. Die verbesserte Sicherheitslösung umfasst Funktionen wie Vorbereitungspläne, Gefahrenanalysen und Zertifizierungsverfolgung, während das neue Planungstool KI nutzt, um potenzielle Risiken zu identifizieren und die Projektzeitpläne einzuhalten.

Positive
  • Launch of comprehensive Resource Management solution through strategic acquisition of Intelliwave Technologies
  • Introduction of AI-powered Scheduling and Safety tools for enhanced project efficiency
  • Strong conference attendance with 4,500+ participants from 35+ countries
Negative
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Insights

The newly announced Resource Management solution represents a significant technological advancement for Procore, integrating labor, equipment and materials management into a unified platform. The acquisition of Intelliwave Technologies and integration of SiteSense® strengthens Procore's market position in construction management software.

The AI-powered features, including Copilot and AI-driven Agents, demonstrate meaningful progress in construction tech automation. The new Scheduling solution with AI risk detection and expanded Safety features with wearable integrations show Procore is effectively leveraging artificial intelligence for practical industry applications.

These platform enhancements should help Procore maintain its competitive edge and potentially increase its market share in the $2.2 trillion construction industry, particularly appealing to large contractors seeking comprehensive resource management solutions.

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)-- 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.

Groundbreak 2024 Kicks off Today in Denver (Graphic: Business Wire)

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.

Media Contact

Raelle Alfaro

press@procore.com

Investor Contact

Alexandra Geller

IR@procore.com

Source: Procore Technologies Inc.

FAQ

What new products did Procore (PCOR) announce at Groundbreak 2024?

Procore announced Resource Management, an all-in-one solution for labor, equipment, and materials tracking, along with new AI-powered Scheduling and Safety tools.

What company did Procore (PCOR) acquire to enhance its Resource Management solution?

Procore acquired Intelliwave Technologies, integrating their SiteSense® materials management software into the new Resource Management solution.

How many attendees participated in Procore's Groundbreak 2024 conference?

Over 4,500 attendees from more than 35 countries participated in Groundbreak 2024.

Procore Technologies, Inc.

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